Bullish Moving Average Cross by Philips Electronic (PHG)
Philips Electronic (NYSE:PHG) crossed over its 10-day moving average of $25.69 on a volume of 371K 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.
Philips Electronic share prices have moved between a 52-week high of $28.75 and a 52-week low of $23.16 and are now trading 12% above that low price at $25.84 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Philips Electronic. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Philips Electronic in search of a potential trend change.
Keywords: moving crosses philips electronic