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Bullish Moving Average Cross by Smith & Nephew (SNN)

By Shiri Gupta

Smith & Nephew (NYSE:SNN) shares have crossed bullishly above their 10-day moving average of $33.19 on a volume of 203K 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, shares of Smith & Nephew have traded between a low of $30.23 and a high of $37.84 and are now at $33.56, which is 11% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Smith & Nephew and will alert subscribers who have SNN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses smith & nephew

Ticker(s): SNN