• Return to Headlines

Magna International Bullish Moving Average Crossover Alert (MGA)

By Shiri Gupta

Magna International (NYSE:MGA) shares have crossed bullishly above their 10-day moving average of $38.60 on a volume of 745K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Magna International share prices have moved between a 52-week high of $59.42 and a 52-week low of $30.41 and are now trading 31% above that low price at $39.85 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.6%.

SmarTrend is tracking the current trend status for Magna International and will alert subscribers who have MGA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Magna International

Ticker(s): MGA