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Sanmina Corp Crosses Above its 10-day MA (SANM)

By Amy Schwartz

Today, shares of Sanmina Corp (NASDAQ:SANM) have crossed bullishly above their 10-day moving average of $30.63 on a volume of 194K 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, Sanmina Corp share prices have been bracketed by a low of $22.30 and a high of $34.30 and are now at $30.98, 39% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.9%.

SmarTrend recommended that subscribers consider buying shares of Sanmina Corp on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.50. Since that recommendation, shares of Sanmina Corp have risen 19.7%. We continue to monitor SANM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sanmina corp

Ticker(s): SANM