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Parker Hannifin Bullish Moving Average Crossover Alert (PH)

By James Quinn

Today, shares of Parker Hannifin (NYSE:PH) have crossed bullishly above their 10-day moving average of $159.16 on a volume of 274K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Parker Hannifin share prices have moved between a 52-week high of $166.60 and a 52-week low of $99.10 and are now trading 62% above that low price at $160.26 per share. The 200-day and 50-day moving averages have moved 0% lower and 0.87% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Parker Hannifin and will alert subscribers who have PH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses parker hannifin

Ticker(s): PH