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Bullish Moving Average Cross by SodaStream International (SODA)

By Nick Russo

SodaStream International (NASDAQ:SODA) crossed over its 10-day moving average of $24.38 on a volume of 1.6 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

SodaStream International share prices have moved between a 52-week high of $28.97 and a 52-week low of $11.40 and are now trading 142% above that low price at $27.55 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.6%.

SmarTrend recommended that subscribers consider buying shares of SodaStream International on May 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.29. Since that recommendation, shares of SodaStream International have risen 40.5%. We continue to monitor SODA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sodastream international

Ticker(s): SODA