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Praxair Bullish Moving Average Crossover Alert (PX)

By David Diaz

Praxair (NYSE:PX) crossed over its 10-day moving average of $118.61 on a volume of 126K 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.

In the past 52 weeks, Praxair share prices have been bracketed by a low of $95.60 and a high of $125.00 and are now at $118.93, 24% above that low price. Over the last five market days, 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 Praxair and will alert subscribers who have PX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses praxair

Ticker(s): PX