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GlaxoSmithKline Crosses Above its 10-day MA (GSK)

By David Diaz

Today, shares of GlaxoSmithKline (NYSE:GSK) have advanced above their 10-day MA of $43.14 on a volume of 1.5 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, GlaxoSmithKline share prices have been bracketed by a low of $37.20 and a high of $46.76 and are now at $43.49, 17% 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 0.7%.

SmarTrend is tracking the current trend status for GlaxoSmithKline and will alert subscribers who have GSK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses GlaxoSmithKline

Ticker(s): GSK