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Edwards Lifesciences Crosses Below its 10-day MA (EW)

By David Diaz

Today, shares of Edwards Lifesciences (NYSE:EW) have fallen below their 10-day MA of $113.02 on a volume of 125K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Edwards Lifesciences share prices have been bracketed by a low of $61.38 and a high of $117.46 and are now at $112.55, 83% above that low price. The 200-day and 50-day moving averages have moved 0.69% higher and 1.54% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Edwards Lifesciences on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.13. Since that recommendation, shares of Edwards Lifesciences have risen 7.7%. We continue to monitor EW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses edwards lifesciences

Ticker(s): EW