Bullish Moving Average Cross by Valassis Communications (VCI)
Today, shares of Valassis Communications (NYSE:VCI) have crossed bullishly above their 10-day moving average of $25.02 on a volume of 233K 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.
Over the past year, Valassis Communications has traded in a range of $19.03 to $31.34 and is now at $25.49, 34% above that low. The 200-day and 50-day moving averages have moved 0.25% higher and 0.45% lower over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Valassis Communications on April 5th, 2013 by issuing a Downtrend alert when the shares were trading at $26.95. Since that call, shares of Valassis Communications have fallen 6.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses valassis communications