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Bullish Moving Average Cross by Thermo Fisher Scientific (TMO)

By James Quinn

Thermo Fisher Scientific (NYSE:TMO) shares have crossed bullishly above their 10-day moving average of $175.03 on a volume of 150K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Thermo Fisher Scientific has traded in a range of $117.10 to $176.85 and is now at $176.27, 51% above that low. The 200-day and 50-day moving averages have moved 0.13% higher and 0.85% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Thermo Fisher Scientific on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $158.77. Since that recommendation, shares of Thermo Fisher Scientific have risen 10.1%. We continue to monitor TMO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses thermo fisher scientific

Ticker(s): TMO