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Carpenter Tech Crosses Above its 10-day MA (CRS)

By Nick Russo

Carpenter Tech (NYSE:CRS) shares have crossed bullishly above their 10-day moving average of $50.42 on a volume of 196K 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.

Carpenter Tech share prices have moved between a 52-week high of $54.61 and a 52-week low of $29.92 and are now trading 74% above that low price at $51.92 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Carpenter Tech on April 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.42. Since that recommendation, shares of Carpenter Tech have risen 3.8%. We continue to monitor CRS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses carpenter tech

Ticker(s): CRS