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Mead Johnson Nutrition Bullish Moving Average Crossover Alert (MJN)

By James Quinn

Today, shares of Mead Johnson Nutrition (NYSE:MJN) have crossed bullishly above their 10-day moving average of $84.46 on a volume of 442K 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.

In the past 52 weeks, Mead Johnson Nutrition share prices have been bracketed by a low of $65.53 and a high of $98.34 and are now at $84.91, 30% 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 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Mead Johnson Nutrition on August 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $86.79. Since that call, shares of Mead Johnson Nutrition have fallen 3.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Mead Johnson Nutrition

Ticker(s): MJN