• Return to Headlines

Ingram Micro Crosses Above its 10-day MA (IM)

By David Diaz

Today, shares of Ingram Micro (NYSE:IM) have advanced above their 10-day MA of $34.85 on a volume of 1.1 million 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.

Over the past year, Ingram Micro has traded in a range of $23.70 to $36.66 and is now at $35.87, 51% above that low. The 200-day and 50-day moving averages have moved 0.66% higher and 0.29% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ingram Micro on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.85. Since that recommendation, shares of Ingram Micro have risen 15.7%. We continue to monitor IM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ingram micro

Ticker(s): IM