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Hertz Global Bullish Moving Average Crossover Alert (HTZ)

By Amy Schwartz

Today, shares of Hertz Global (NYSE:HTZ) have crossed bullishly above their 10-day moving average of $14.32 on a volume of 572K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Hertz Global share prices have moved between a 52-week high of $47.66 and a 52-week low of $6.95 and are now trading 549% above that low price at $45.10 per share. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Hertz Global on June 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.02. Since that recommendation, shares of Hertz Global have risen 10.5%. We continue to monitor HTZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses hertz global

Ticker(s): HTZ