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Bullish Moving Average Cross by Parker Hannifin (PH)

By Nick Russo

Today, shares of Parker Hannifin (NYSE:PH) have advanced above their 10-day MA of $101.71 on a volume of 993K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Parker Hannifin share prices have been bracketed by a low of $93.47 and a high of $133.41 and are now at $103.04, 10% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.6%.

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

Keywords: moving crosses parker hannifin

Ticker(s): PH