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Bullish Moving Average Cross by Olin Corp (OLN)

By James Quinn

Olin Corp (NYSE:OLN) shares have crossed bullishly above their 10-day moving average of $21.15 on a volume of 616K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Olin Corp has traded in a range of $17.87 to $33.30 and is now at $21.65, 21% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.8%.

SmarTrend is monitoring the recent change of momentum in Olin Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Olin Corp in search of a potential trend change.

Keywords: moving crosses olin corp

Ticker(s): OLN