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Bullish Moving Average Cross by Praxair (PX)

By Shiri Gupta

Praxair (NYSE:PX) crossed over its 10-day moving average of $133.33 on a volume of 211K 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.

In the past 52 weeks, Praxair share prices have been bracketed by a low of $95.60 and a high of $138.69 and are now at $134.01, 40% above that low price. The 200-day and 50-day moving averages have moved 0.03% lower and 0.86% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Praxair on April 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $122.11. Since that recommendation, shares of Praxair have risen 8.9%. We continue to monitor PX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses praxair

Ticker(s): PX