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PerkinElmer Bullish Moving Average Crossover Alert (PKI)

By James Quinn

PerkinElmer (NYSE:PKI) shares have crossed bullishly above their 10-day moving average of $64.23 on a volume of 663K 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.

Over the past year, PerkinElmer has traded in a range of $39.50 to $66.05 and is now at $65.47, 66% above that low. The 200-day and 50-day moving averages have moved 0.05% lower and 0.60% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of PerkinElmer on December 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.81. Since that recommendation, shares of PerkinElmer have risen 18.1%. We continue to monitor PKI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses perkinelmer

Ticker(s): PKI