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Diageo Bullish Moving Average Crossover Alert (DEO)

By Shiri Gupta

Diageo (NYSE:DEO) shares have crossed bullishly above their 10-day moving average of $108.07 on a volume of 135K 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, Diageo share prices have been bracketed by a low of $100.12 and a high of $122.23 and are now at $108.97, 9% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in Diageo. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Diageo in search of a potential trend change.

Keywords: moving crosses diageo

Ticker(s): DEO