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Cabot Microelec Crosses Above its 10-day MA (CCMP)

By Shiri Gupta

Cabot Microelec (NASDAQ:CCMP) crossed over its 10-day moving average of $111.00 on a volume of 138K 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.

Cabot Microelec share prices have moved between a 52-week high of $123.76 and a 52-week low of $82.24 and are now trading 36% above that low price at $111.68 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Cabot Microelec on December 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.55. Since that recommendation, shares of Cabot Microelec have risen 17.6%. We continue to monitor CCMP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cabot microelec

Ticker(s): CCMP