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Sanofi-Aventis Crosses Above its 10-day MA (SNY)

By Nick Russo

Today, shares of Sanofi-Aventis (NYSE:SNY) have advanced above their 10-day MA of $39.22 on a volume of 304K 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.

Sanofi-Aventis share prices have moved between a 52-week high of $54.98 and a 52-week low of $37.41 and are now trading 5% above that low price at $39.40 per share. 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 April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $41.24. Since that call, shares of Sanofi-Aventis have fallen 5.2%. 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