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Dana Inc Bullish Moving Average Crossover Alert (DAN)

By Amy Schwartz

Today, shares of Dana Inc (NYSE:DAN) have crossed bullishly above their 10-day moving average of $26.31 on a volume of 567K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Dana Inc share prices have been bracketed by a low of $9.80 and a high of $35.27 and are now at $26.45, 170% above that low price. Over the last five market days, 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 Inc on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $32.23. Since that call, shares of Dana Inc have fallen 18.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses dana inc

Ticker(s): DAN