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Bullish Moving Average Cross by Plantronics (PLT)

By Shiri Gupta

Today, shares of Plantronics (NYSE:PLT) have advanced above their 10-day MA of $56.92 on a volume of 139K 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.

Over the past year, Plantronics has traded in a range of $42.65 to $58.66 and is now at $57.44, 35% above that low. The 200-day and 50-day moving averages have moved 0.30% higher and 0.10% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Plantronics on February 19th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.78. Since that recommendation, shares of Plantronics have risen 12.7%. We continue to monitor PLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses plantronics

Ticker(s): PLT