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Danaher Corp Crosses Above its 10-day MA (DHR)

By David Diaz

Today, shares of Danaher Corp (NYSE:DHR) have crossed bullishly above their 10-day moving average of $99.79 on a volume of 2.1 million 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, Danaher Corp has traded in a range of $78.97 to $106.08 and is now at $104.94, 33% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Danaher Corp and will alert subscribers who have DHR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Danaher Corp

Ticker(s): DHR