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Colfax Corp Crosses Above its 10-day MA (CFX)

By Nick Russo

Colfax Corp (NYSE:CFX) shares have crossed bullishly above their 10-day moving average of $26.76 on a volume of 126K 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, Colfax Corp share prices have been bracketed by a low of $18.95 and a high of $37.05 and are now at $26.97, 42% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.8%.

SmarTrend is tracking the current trend status for Colfax Corp and will alert subscribers who have CFX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses colfax corp

Ticker(s): CFX