JPMorgan Alerian MLP Index ETN Crosses Above its 10-day MA (AMJ)
Today, shares of JPMorgan Alerian MLP Index ETN (NYSE:AMJ) have crossed bullishly above their 10-day moving average of $31.09 on a volume of 152K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, JPMorgan Alerian MLP Index ETN share prices have been bracketed by a low of $20.35 and a high of $45.81 and are now at $31.25, 54% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.6%.
SmarTrend is tracking the current trend status for JPMorgan Alerian MLP Index ETN and will alert subscribers who have AMJ in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses jpmorgan alerian mlp index etn