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Bullish Moving Average Cross by Unilever (UL)

By James Quinn

Today, shares of Unilever (NYSE:UL) have crossed bullishly above their 10-day moving average of $46.37 on a volume of 218K 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.

Unilever share prices have moved between a 52-week high of $48.29 and a 52-week low of $38.60 and are now trading 21% above that low price at $46.73 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Unilever and will alert subscribers who have UL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Unilever

Ticker(s): UL