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Bullish Moving Average Cross by Silgan Holdings (SLGN)

By Nick Russo

Silgan Holdings (NASDAQ:SLGN) crossed over its 10-day moving average of $27.75 on a volume of 280K 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, shares of Silgan Holdings have traded between a low of $23.58 and a high of $32.50 and are now at $28.40, which is 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Silgan Holdings on July 27th, 2017 by issuing a Downtrend alert when the shares were trading at $29.43. Since that call, shares of Silgan Holdings have fallen 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses silgan holdings

Ticker(s): SLGN