• Return to Headlines

Manhattan Assoc Crosses Above its 10-day MA (MANH)

By Shiri Gupta

Today, shares of Manhattan Assoc (NASDAQ:MANH) have advanced above their 10-day MA of $41.60 on a volume of 114K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Manhattan Assoc share prices have been bracketed by a low of $39.10 and a high of $68.00 and are now at $42.20, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Manhattan Assoc on February 7th, 2018 by issuing a Downtrend alert when the shares were trading at $44.04. Since that call, shares of Manhattan Assoc have fallen 5.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses manhattan assoc

Ticker(s): MANH