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Eaton Vance Crosses Above its 10-day MA (EV)

By David Diaz

Today, shares of Eaton Vance (NYSE:EV) have advanced above their 10-day MA of $38.46 on a volume of 217K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Eaton Vance has traded in a range of $26.44 to $43.00 and is now at $38.57, 46% above that low. The 200-day and 50-day moving averages have moved 0.35% lower and 1.22% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Eaton Vance on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.22. Since that recommendation, shares of Eaton Vance have risen 5.7%. We continue to monitor EV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Eaton Vance

Ticker(s): EV