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Bullish Moving Average Cross by Semgroup Corp-A (SEMG)

By Shiri Gupta

Semgroup Corp-A (NYSE:SEMG) crossed over its 10-day moving average of $16.06 on a volume of 234K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Semgroup Corp-A share prices have moved between a 52-week high of $21.94 and a 52-week low of $8.10 and are now trading 101% above that low price at $16.32 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 4.0%.

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

Keywords: moving crosses semgroup corp-a

Ticker(s): SEMG