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Dana Crosses Above its 10-day MA (DAN)

By David Diaz

Today, shares of Dana (NYSE:DAN) have crossed bullishly above their 10-day moving average of $11.72 on a volume of 378K 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.

Over the past year, Dana has traded in a range of $10.62 to $22.34 and is now at $12.02, 13% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Dana on May 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $12.51. Since that call, shares of Dana have fallen 7.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses dana

Ticker(s): DAN