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Kirby Bullish Moving Average Crossover Alert (KEX)

By Shiri Gupta

Today, shares of Kirby (NYSE:KEX) have advanced above their 10-day MA of $53.10 on a volume of 206K 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, Kirby has traded in a range of $44.63 to $84.05 and is now at $53.72, 20% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Kirby on June 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $66.80. Since that call, shares of Kirby have fallen 22.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses kirby

Ticker(s): KEX