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Jacobs Engin Grp Crosses Above its 10-day MA (JEC)

By Shiri Gupta

Jacobs Engin Grp (NYSE:JEC) shares have crossed bullishly above their 10-day moving average of $90.62 on a volume of 101K 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, shares of Jacobs Engin Grp have traded between a low of $55.17 and a high of $93.93 and are now at $91.20, which is 65% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Jacobs Engin Grp on August 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.26. Since that recommendation, shares of Jacobs Engin Grp have risen 6.0%. We continue to monitor JEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses jacobs engin grp

Ticker(s): JEC