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POSCO Crosses Above its 10-day MA (PKX)

By James Quinn

POSCO (NYSE:PKX) crossed over its 10-day moving average of $51.17 on a volume of 210K 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, POSCO has traded in a range of $30.97 to $61.95 and is now at $51.35, 66% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.4%.

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

Keywords: moving crosses posco

Ticker(s): PKX