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IDEX Bullish Moving Average Crossover Alert (IEX)

By Nick Russo

Today, shares of IDEX (NYSE:IEX) have advanced above their 10-day MA of $104.44 on a volume of 105K 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 IDEX have traded between a low of $65.45 and a high of $106.29 and are now at $105.00, which is 60% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of IDEX on February 21st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.03. Since that recommendation, shares of IDEX have risen 12.0%. We continue to monitor IEX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses idex

Ticker(s): IEX