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Bullish Moving Average Cross by Msg Networks- A (MSGN)

By James Quinn

Msg Networks- A (NYSE:MSGN) shares have crossed bullishly above their 10-day moving average of $23.23 on a volume of 374K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Msg Networks- A share prices have moved between a 52-week high of $26.30 and a 52-week low of $16.15 and are now trading 53% above that low price at $24.70 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Msg Networks- A on June 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.45. Since that recommendation, shares of Msg Networks- A have risen 7.5%. We continue to monitor MSGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses msg networks- a

Ticker(s): MSGN