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Insulet Bullish Moving Average Crossover Alert (PODD)

By Shiri Gupta

Insulet (NASDAQ:PODD) crossed over its 10-day moving average of $35.68 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.

In the past 52 weeks, Insulet share prices have been bracketed by a low of $23.94 and a high of $41.95 and are now at $41.87, 75% 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 subscribers consider buying shares of Insulet on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.92. Since that recommendation, shares of Insulet have risen 11.1%. We continue to monitor PODD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses insulet

Ticker(s): PODD