Bullish Moving Average Cross by TreeHouse Foods (THS)
TreeHouse Foods (NYSE:THS) crossed over its 10-day moving average of $87.92 on a volume of 279K 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, TreeHouse Foods has traded in a range of $66.30 to $91.72 and is now at $91.15, 37% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.
SmarTrend recommended that subscribers consider buying shares of TreeHouse Foods on January 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.80. Since that recommendation, shares of TreeHouse Foods have risen 12.9%. We continue to monitor THS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses treehouse foods