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

By Amy Schwartz

Today, shares of Hertz Global (NYSE:HTZ) have advanced above their 10-day MA of $10.84 on a volume of 2.7 million shares. This may provide swing traders with 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 $22.63 and are now at $10.96, which is 58% above that low price. 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 4.3%. 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