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Bullish Moving Average Cross by Sanmina Corp (SANM)

By David Diaz

Sanmina Corp (NASDAQ:SANM) shares have crossed bullishly above their 10-day moving average of $30.27 on a volume of 109K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Sanmina Corp share prices have been bracketed by a low of $23.50 and a high of $42.95 and are now at $30.40, 29% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.3%.

SmarTrend is tracking the current trend status for Sanmina Corp and will alert subscribers who have SANM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses sanmina corp

Ticker(s): SANM