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Canadian Pacific Railway Crosses Above its 10-day MA (CP)

By David Diaz

Today, shares of Canadian Pacific Railway (NYSE:CP) have advanced above their 10-day MA of $152.72 on a volume of 124K 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.

Over the past year, Canadian Pacific Railway has traded in a range of $97.09 to $197.59 and is now at $153.52, 58% above that low. 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 is tracking the current trend status for Canadian Pacific Railway and will alert subscribers who have CP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses canadian pacific railway

Ticker(s): CP