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

By Nick Russo

Today, shares of Canadian Pacific Railway (NYSE:CP) have crossed bullishly above their 10-day moving average of $151.57 on a volume of 610K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Canadian Pacific Railway have traded between a low of $97.09 and a high of $197.59 and are now at $155.46, which is 60% above that low price. 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