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Bullish Moving Average Cross by Patterson Cos (PDCO)

By Amy Schwartz

Patterson Cos (NASDAQ:PDCO) crossed over its 10-day moving average of $24.00 on a volume of 185K 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.

Patterson Cos share prices have moved between a 52-week high of $40.36 and a 52-week low of $20.22 and are now trading 20% above that low price at $24.25 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Patterson Cos and will alert subscribers who have PDCO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses patterson cos

Ticker(s): PDCO