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Dana Inc Crosses Above its 10-day MA (DAN)

By Amy Schwartz

Dana Inc (NYSE:DAN) crossed over its 10-day moving average of $19.23 on a volume of 122K 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.

Over the past year, Dana Inc has traded in a range of $18.08 to $35.27 and is now at $19.43, 7% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Dana Inc on May 1st, 2018 by issuing a Downtrend alert when the shares were trading at $23.40. Since that call, shares of Dana Inc have fallen 18.3%. 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