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Bullish Moving Average Cross by PROS Holdings (PRO)

By Amy Schwartz

PROS Holdings (NYSE:PRO) shares have crossed bullishly above their 10-day moving average of $22.29 on a volume of 307K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, PROS Holdings share prices have been bracketed by a low of $9.01 and a high of $25.63 and are now at $24.58, 173% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of PROS Holdings on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.48. Since that recommendation, shares of PROS Holdings have risen 74.7%. We continue to monitor PRO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses pros holdings

Ticker(s): PRO