Factset Research Systems (NYSE:FDS) crossed over its 10-day moving average of $98.98 on a volume of 156K 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, shares of Factset Research Systems have traded between a low of $86.88 and a high of $108.00 and are now at $99.51, which is 15% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Factset Research Systems on May 1st, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.79. Since that recommendation, shares of Factset Research Systems have risen 5.0%. We continue to monitor FDS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.