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Ryder System Bullish Moving Average Crossover Alert (R)

By Amy Schwartz

Today, shares of Ryder System (NYSE:R) have advanced above their 10-day MA of $67.48 on a volume of 158K 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.

Ryder System share prices have moved between a 52-week high of $97.84 and a 52-week low of $45.12 and are now trading 51% above that low price at $68.21 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Ryder System on January 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.60. Since that recommendation, shares of Ryder System have risen 26.8%. We continue to monitor R for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ryder system

Ticker(s): R