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

By Amy Schwartz

Manhattan Assoc (NASDAQ:MANH) crossed over its 10-day moving average of $42.31 on a volume of 234K 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, Manhattan Assoc has traded in a range of $39.10 to $68.00 and is now at $42.83, 10% above that low. 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 4.4%. 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