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Diageo Crosses Above its 10-day MA (DEO)

By Shiri Gupta

Today, shares of Diageo (NYSE:DEO) have crossed bullishly above their 10-day moving average of $113.73 on a volume of 335K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Diageo share prices have moved between a 52-week high of $122.23 and a 52-week low of $99.59 and are now trading 18% above that low price at $117.26 per share. The 200-day and 50-day moving averages have moved 0.22% lower and 0.32% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Diageo on June 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $108.15. Since that recommendation, shares of Diageo have risen 4.5%. We continue to monitor DEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses diageo

Ticker(s): DEO