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Canadian Pacific Railway Bullish Moving Average Crossover Alert (CP)

By James Quinn

Today, shares of Canadian Pacific Railway (NYSE:CP) have advanced above their 10-day MA of $146.14 on a volume of 171K 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, Canadian Pacific Railway share prices have been bracketed by a low of $97.09 and a high of $197.59 and are now at $146.53, 51% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Canadian Pacific Railway on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $132.33. Since that recommendation, shares of Canadian Pacific Railway have risen 9.2%. We continue to monitor CP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses canadian pacific railway

Ticker(s): CP