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Bullish Moving Average Cross by Premier Inc-Cl A (PINC)

By David Diaz

Today, shares of Premier Inc-Cl A (NASDAQ:PINC) have crossed bullishly above their 10-day moving average of $35.12 on a volume of 128K 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, Premier Inc-Cl A has traded in a range of $31.31 to $47.22 and is now at $35.63, 14% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Premier Inc-Cl A on August 20th, 2019 by issuing a Downtrend alert when the shares were trading at $37.45. Since that call, shares of Premier Inc-Cl A have fallen 6.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses premier inc-cl a

Ticker(s): PINC