• Return to Headlines

Bullish Moving Average Cross by Silver Standard Resources (SSRI)

By David Diaz

Today, shares of Silver Standard Resources (NASDAQ:SSRI) have crossed bullishly above their 10-day moving average of $14.88 on a volume of 691K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Silver Standard Resources share prices have been bracketed by a low of $3.66 and a high of $15.84 and are now at $15.05, 311% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.8% while the 200-day MA has risen 1.0%.

SmarTrend is tracking the current trend status for Silver Standard Resources and will alert subscribers who have SSRI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses silver standard resources

Ticker(s): SSRI