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Bullish Moving Average Cross by T Rowe Price (TROW)

By Nick Russo

T Rowe Price (NASDAQ:TROW) shares have crossed bullishly above their 10-day moving average of $72.78 on a volume of 278K 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.

In the past 52 weeks, shares of T Rowe Price have traded between a low of $63.57 and a high of $82.50 and are now at $72.97, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.12% lower and 0.63% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of T Rowe Price on May 18th, 2016 by issuing a Downtrend alert when the shares were trading at $74.15. Since that call, shares of T Rowe Price have fallen 3.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses t rowe price

Ticker(s): TROW