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Insulet Bullish Moving Average Crossover Alert (PODD)

By David Diaz

Today, shares of Insulet (NASDAQ:PODD) have crossed bullishly above their 10-day moving average of $28.28 on a volume of 285K 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.

In the past 52 weeks, Insulet share prices have been bracketed by a low of $23.94 and a high of $40.21 and are now at $28.50, 19% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Insulet on May 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $31.14. Since that call, shares of Insulet have fallen 13.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses insulet

Ticker(s): PODD