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Manpower Bullish Moving Average Crossover Alert (MAN)

By Amy Schwartz

Manpower (NYSE:MAN) shares have crossed bullishly above their 10-day moving average of $62.26 on a volume of 223K 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, Manpower share prices have been bracketed by a low of $57.26 and a high of $96.87 and are now at $63.12, 10% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Manpower on May 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $77.10. Since that call, shares of Manpower have fallen 21.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Manpower

Ticker(s): MAN