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Bullish Moving Average Cross by Patterson Cos (PDCO)

By Amy Schwartz

Patterson Cos (NASDAQ:PDCO) shares have crossed bullishly above their 10-day moving average of $24.92 on a volume of 557K 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, Patterson Cos share prices have been bracketed by a low of $22.57 and a high of $50.05 and are now at $25.30, 12% 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 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Patterson Cos on December 6th, 2017 by issuing a Downtrend alert when the shares were trading at $33.99. Since that call, shares of Patterson Cos have fallen 27.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses patterson cos

Ticker(s): PDCO