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Bullish Moving Average Cross by Sysco Corp (SYY)

By Shiri Gupta

Sysco Corp (NYSE:SYY) shares have crossed bullishly above their 10-day moving average of $72.49 on a volume of 342K 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.

Sysco Corp share prices have moved between a 52-week high of $75.98 and a 52-week low of $59.44 and are now trading 23% above that low price at $73.23 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Sysco Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sysco Corp in search of a potential trend change.

Keywords: moving crosses sysco corp

Ticker(s): SYY