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Joy Global Bullish Moving Average Crossover Alert (JOY)

By Nick Russo

Today, shares of Joy Global (NYSE:JOY) have advanced above their 10-day MA of $23.69 on a volume of 17.5 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Joy Global has traded in a range of $8.35 to $44.75 and is now at $27.60, 231% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.7% while the 200-day MA has slid 1.3%.

SmarTrend recommended that subscribers consider buying shares of Joy Global on June 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.21. Since that recommendation, shares of Joy Global have risen 22.6%. We continue to monitor JOY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Joy Global

Ticker(s): JOY