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Bullish Moving Average Cross by St Jude Medical (STJ)

By Amy Schwartz

St Jude Medical (NYSE:STJ) shares have crossed bullishly above their 10-day moving average of $79.02 on a volume of 759K shares. This may provide swing traders with an opportunity 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 $84.00 and is now at $79.38, 63% above that low. The 200-day and 50-day moving averages have moved 0.04% lower and 3.07% higher over the past week, respectively.

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 45.3%. 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