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Bullish Moving Average Cross by Zayo Group Holdi (ZAYO)

By Nick Russo

Today, shares of Zayo Group Holdi (AMEX:ZAYO) have crossed bullishly above their 10-day moving average of $33.74 on a volume of 1.6 million shares. Swing traders may find 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 Zayo Group Holdi have traded between a low of $26.10 and a high of $35.65 and are now at $34.05, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

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

Keywords: moving crosses amex:zayo zayo group holdi

Ticker(s): ZAYO