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Sanofi-Aventis Bullish Moving Average Crossover Alert (SNY)

By David Diaz

Today, shares of Sanofi-Aventis (NYSE:SNY) have advanced above their 10-day MA of $38.80 on a volume of 432K 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.

In the past 52 weeks, Sanofi-Aventis share prices have been bracketed by a low of $37.41 and a high of $54.98 and are now at $39.06, 4% above that low price. The 200-day and 50-day moving averages have moved 0.57% lower and 0.30% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Sanofi-Aventis on August 5th, 2016 by issuing a Downtrend alert when the shares were trading at $40.12. Since that call, shares of Sanofi-Aventis have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Sanofi-Aventis

Ticker(s): SNY