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Bullish Moving Average Cross by St Jude Medical (STJ)

By Shiri Gupta

Today, shares of St Jude Medical (NYSE:STJ) have advanced above their 10-day MA of $76.98 on a volume of 343K 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, St Jude Medical has traded in a range of $48.83 to $80.84 and is now at $77.27, 58% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.1% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of St Jude Medical on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.18. Since that recommendation, shares of St Jude Medical have risen 41.8%. We continue to monitor STJ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses St Jude Medical

Ticker(s): STJ