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Bullish Moving Average Cross by Pitney Bowes Inc (PBI)

By James Quinn

Pitney Bowes Inc (NYSE:PBI) crossed over its 10-day moving average of $10.85 on a volume of 278K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Pitney Bowes Inc share prices have moved between a 52-week high of $19.33 and a 52-week low of $9.50 and are now trading 16% above that low price at $10.99 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Pitney Bowes Inc on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $11.66. Since that call, shares of Pitney Bowes Inc have fallen 7.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses pitney bowes inc

Ticker(s): PBI