Bullish Moving Average Cross by Tech Data (TECD)
Tech Data (NASDAQ:TECD) crossed over its 10-day moving average of $81.44 on a volume of 113K 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 Tech Data have traded between a low of $54.24 and a high of $83.51 and are now at $81.68, which is 51% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 0.65% lower over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Tech Data on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.17. Since that recommendation, shares of Tech Data have risen 9.5%. We continue to monitor TECD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses tech data