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Mindray Medical International Bullish Moving Average Crossover Alert (MR)

By Shiri Gupta

Mindray Medical International (NYSE:MR) shares have crossed bullishly above their 10-day moving average of $40.55 on a volume of 172K 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, shares of Mindray Medical International have traded between a low of $28.65 and a high of $43.81 and are now at $40.97, which is 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in Mindray Medical International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mindray Medical International in search of a potential trend change.

Keywords: moving crosses mindray medical international

Ticker(s): MR