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LogMeIn Bullish Moving Average Crossover Alert (LOGM)

By Amy Schwartz

LogMeIn (NASDAQ:LOGM) shares have crossed bullishly above their 10-day moving average of $90.64 on a volume of 286K 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 LogMeIn have traded between a low of $35.00 and a high of $95.99 and are now at $93.25, which is 166% above that low price. The 200-day and 50-day moving averages have moved 0.17% lower and 1.48% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of LogMeIn on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.45. Since that recommendation, shares of LogMeIn have risen 82.8%. We continue to monitor LOGM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses logmein

Ticker(s): LOGM