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

By James Quinn

Today, shares of Colfax Corp (NYSE:CFX) have crossed bullishly above their 10-day moving average of $27.96 on a volume of 136K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Colfax Corp share prices have moved between a 52-week high of $35.80 and a 52-week low of $18.95 and are now trading 52% above that low price at $28.74 per share. The 200-day and 50-day moving averages have moved 0.53% higher and 0.26% lower over the past week, respectively.

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