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Haemonetics Corp Crosses Above its 10-day MA (HAE)

By Amy Schwartz

Haemonetics Corp (NYSE:HAE) shares have crossed bullishly above their 10-day moving average of $93.51 on a volume of 297K 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.

In the past 52 weeks, Haemonetics Corp share prices have been bracketed by a low of $38.47 and a high of $96.32 and are now at $94.73, 146% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 1.2%.

SmarTrend recommended that subscribers consider buying shares of Haemonetics Corp on February 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.99. Since that recommendation, shares of Haemonetics Corp have risen 33.0%. We continue to monitor HAE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses haemonetics corp

Ticker(s): HAE