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Bullish Moving Average Cross by WR Grace (GRA)

By Amy Schwartz

WR Grace (NYSE:GRA) shares have crossed bullishly above their 10-day moving average of $75.79 on a volume of 275K 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.

In the past 52 weeks, shares of WR Grace have traded between a low of $63.84 and a high of $104.94 and are now at $77.16, which is 21% above that low price. The 200-day and 50-day moving averages have moved 0.56% lower and 0.93% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of WR Grace on January 6th, 2016 by issuing a Downtrend alert when the shares were trading at $95.35. Since that call, shares of WR Grace have fallen 21.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses wr grace

Ticker(s): GRA