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Canadian Pacific Railway Bullish Moving Average Crossover Alert (CP)

By Nick Russo

Canadian Pacific Railway (NYSE:CP) shares have crossed bullishly above their 10-day moving average of $156.26 on a volume of 188K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Canadian Pacific Railway share prices have moved between a 52-week high of $197.59 and a 52-week low of $97.09 and are now trading 61% above that low price at $156.56 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Canadian Pacific Railway on April 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $149.71. Since that recommendation, shares of Canadian Pacific Railway have risen 3.3%. 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