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Eastman Kodak Co Crosses Above its 10-day MA (KODK)

By Shiri Gupta

Today, shares of Eastman Kodak Co (NYSE:KODK) have advanced above their 10-day MA of $5.24 on a volume of 2.2 million 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, Eastman Kodak Co share prices have been bracketed by a low of $2.95 and a high of $17.30 and are now at $5.66, 92% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 2.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Eastman Kodak Co on January 31st, 2018 by issuing a Downtrend alert when the shares were trading at $7.88. Since that call, shares of Eastman Kodak Co have fallen 37.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses eastman kodak co

Ticker(s): KODK