Dr Pepper Snapple Bullish Moving Average Crossover Alert (DPS)
Today, shares of Dr Pepper Snapple (NYSE:DPS) have crossed bullishly above their 10-day moving average of $97.43 on a volume of 139K 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, Dr Pepper Snapple share prices have been bracketed by a low of $72.00 and a high of $98.80 and are now at $97.61, 36% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Dr Pepper Snapple on June 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.04. Since that recommendation, shares of Dr Pepper Snapple have risen 3.3%. We continue to monitor DPS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Dr Pepper Snapple