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Parker Hannifin Bullish Moving Average Crossover Alert (PH)

By Nick Russo

Parker Hannifin (NYSE:PH) crossed over its 10-day moving average of $180.43 on a volume of 158K shares. Swing traders may find 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 Parker Hannifin have traded between a low of $99.10 and a high of $212.80 and are now at $181.50, which is 83% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Parker Hannifin on January 30th, 2018 by issuing a Downtrend alert when the shares were trading at $204.11. Since that call, shares of Parker Hannifin have fallen 11.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses parker hannifin

Ticker(s): PH