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Macquarie Infras Crosses Above its 10-day MA (MIC)

By Amy Schwartz

Macquarie Infras (NYSE:MIC) shares have crossed bullishly above their 10-day moving average of $38.88 on a volume of 146K 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.

Over the past year, Macquarie Infras has traded in a range of $36.20 to $85.45 and is now at $39.16, 8% above that low. The 200-day and 50-day moving averages have moved 0.36% lower and 1.02% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Macquarie Infras on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $64.14. Since that call, shares of Macquarie Infras have fallen 39.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses macquarie infras

Ticker(s): MIC