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

By David Diaz

Sanofi-Aventis (NYSE:SNY) crossed over its 10-day moving average of $41.02 on a volume of 172K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Sanofi-Aventis has traded in a range of $37.41 to $54.98 and is now at $41.18, 10% above that low. The 200-day and 50-day moving averages have moved 0.57% lower and 0.30% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Sanofi-Aventis. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sanofi-Aventis in search of a potential trend change.

Keywords: moving crosses Sanofi-Aventis

Ticker(s): SNY