Bullish Moving Average Cross by Sysco (SYY)
Sysco (NYSE:SYY) crossed over its 10-day moving average of $46.39 on a volume of 1.9 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Sysco have traded between a low of $35.45 and a high of $47.64 and are now at $47.48, which is 34% above that low price. The 200-day and 50-day moving averages have moved 0.62% higher and 0.56% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Sysco on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.38. Since that recommendation, shares of Sysco have risen 8.7%. We continue to monitor SYY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Sysco