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Bullish Moving Average Cross by Snap-On (SNA)

By Shiri Gupta

Today, shares of Snap-On (NYSE:SNA) have advanced above their 10-day MA of $149.77 on a volume of 832K 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.

Over the past year, Snap-On has traded in a range of $133.09 to $174.52 and is now at $162.91, 22% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Snap-On on July 27th, 2016 by issuing a Downtrend alert when the shares were trading at $156.82. Since that call, shares of Snap-On have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses snap-on

Ticker(s): SNA