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Bullish Moving Average Cross by Stratasys (SSYS)

By David Diaz

Stratasys (NASDAQ:SSYS) crossed over its 10-day moving average of $21.85 on a volume of 158K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Stratasys share prices have moved between a 52-week high of $39.45 and a 52-week low of $14.48 and are now trading 53% above that low price at $22.10 per share. The 200-day and 50-day moving averages have moved 0.84% lower and 1.43% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Stratasys on May 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $24.01. Since that call, shares of Stratasys have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses stratasys

Ticker(s): SSYS