RR Donnelley Bullish Moving Average Crossover Alert (RRD)
Today, shares of RR Donnelley (NYSE:RRD) have crossed bullishly above their 10-day moving average of $16.85 on a volume of 475K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
RR Donnelley share prices have moved between a 52-week high of $24.04 and a 52-week low of $12.07 and are now trading 97% above that low price at $23.76 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.7%.
SmarTrend recommended that its subscribers protect gains by selling shares of RR Donnelley on August 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $16.90. Since that call, shares of RR Donnelley have fallen 7.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses RR Donnelley