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Bullish Moving Average Cross by Scotts Miracle-Gro (SMG)

By Nick Russo

Today, shares of Scotts Miracle-Gro (NYSE:SMG) have crossed bullishly above their 10-day moving average of $85.56 on a volume of 712K 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, Scotts Miracle-Gro share prices have been bracketed by a low of $58.11 and a high of $98.82 and are now at $87.00, 50% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Scotts Miracle-Gro on May 3rd, 2017 by issuing a Downtrend alert when the shares were trading at $89.54. Since that call, shares of Scotts Miracle-Gro have fallen 6.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses scotts miracle-gro

Ticker(s): SMG