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Praxair Crosses Above its 10-day MA (PX)

By Amy Schwartz

Today, shares of Praxair (NYSE:PX) have crossed bullishly above their 10-day moving average of $110.78 on a volume of 190K shares. Swing traders may find 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 $124.17 and are now at $112.07, 17% 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