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Praxair Crosses Above its 10-day MA (PX)

By Shiri Gupta

Today, shares of Praxair (NYSE:PX) have advanced above their 10-day MA of $122.37 on a volume of 163K 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, Praxair has traded in a range of $95.60 to $125.00 and is now at $122.54, 28% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Praxair on June 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $114.60. Since that recommendation, shares of Praxair have risen 6.5%. We continue to monitor PX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses praxair

Ticker(s): PX