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Donaldson Bullish Moving Average Crossover Alert (DCI)

By James Quinn

Today, shares of Donaldson (NYSE:DCI) have advanced above their 10-day MA of $44.96 on a volume of 105K 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.

Donaldson share prices have moved between a 52-week high of $47.68 and a 52-week low of $25.21 and are now trading 80% above that low price at $45.28 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Donaldson on August 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.03. Since that recommendation, shares of Donaldson have risen 24.0%. We continue to monitor DCI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses donaldson

Ticker(s): DCI