Bullish Moving Average Cross by T Rowe Price (TROW)
T Rowe Price (NASDAQ:TROW) shares have crossed bullishly above their 10-day moving average of $69.08 on a volume of 125K 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.
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 $69.55, which is 9% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.
SmarTrend recommended that its subscribers protect gains by selling shares of T Rowe Price on July 26th, 2016 by issuing a Downtrend alert when the shares were trading at $71.34. Since that call, shares of T Rowe Price have fallen 3.4%. 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