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Philips Electronic Bullish Moving Average Crossover Alert (PHG)

By Shiri Gupta

Today, shares of Philips Electronic (NYSE:PHG) have advanced above their 10-day MA of $24.23 on a volume of 322K 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, Philips Electronic has traded in a range of $23.00 to $28.75 and is now at $24.57, 7% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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

Keywords: moving crosses philips electronic

Ticker(s): PHG