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Hertz Global Crosses Above its 10-day MA (HTZ)

By David Diaz

Today, shares of Hertz Global (NYSE:HTZ) have crossed bullishly above their 10-day moving average of $15.88 on a volume of 562K 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 Hertz Global have traded between a low of $6.95 and a high of $53.14 and are now at $16.09, which is 132% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Hertz Global on October 11th, 2016 by issuing a Downtrend alert when the shares were trading at $36.18. Since that call, shares of Hertz Global have fallen 56.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses hertz global

Ticker(s): HTZ