• Return to Headlines

Dana Crosses Above its 10-day MA (DAN)

By David Diaz

Dana (NYSE:DAN) shares have crossed bullishly above their 10-day moving average of $10.56 on a volume of 247K 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, Dana share prices have been bracketed by a low of $9.80 and a high of $22.34 and are now at $10.73, 10% above that low price. The 200-day and 50-day moving averages have moved 0.94% lower and 0.33% higher over the past week, respectively.

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 17.4%. 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