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Clean Harbors Bullish Moving Average Crossover Alert (CLH)

By Shiri Gupta

Clean Harbors (NYSE:CLH) shares have crossed bullishly above their 10-day moving average of $70.44 on a volume of 237K 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, Clean Harbors share prices have been bracketed by a low of $44.74 and a high of $72.50 and are now at $70.74, 58% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Clean Harbors on May 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.36. Since that recommendation, shares of Clean Harbors have risen 33.5%. We continue to monitor CLH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses clean harbors

Ticker(s): CLH