Mead Johnson Nutrition Crosses Above its 10-day MA (MJN)
Mead Johnson Nutrition (NYSE:MJN) shares have crossed bullishly above their 10-day moving average of $85.56 on a volume of 179K 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, Mead Johnson Nutrition has traded in a range of $65.53 to $98.34 and is now at $85.95, 31% above that low. The 200-day and 50-day moving averages have moved 0.04% lower and 0.88% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Mead Johnson Nutrition on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.09. Since that recommendation, shares of Mead Johnson Nutrition have risen 14.5%. We continue to monitor MJN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Mead Johnson Nutrition