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Parker Hannifin Bullish Moving Average Crossover Alert (PH)

By James Quinn

Parker Hannifin (NYSE:PH) shares have crossed bullishly above their 10-day moving average of $114.31 on a volume of 689K 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.

Over the past year, Parker Hannifin has traded in a range of $83.32 to $125.33 and is now at $119.05, 43% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

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