Sanofi-Aventis Crosses Above its 10-day MA (SNY)
Sanofi-Aventis (NYSE:SNY) crossed over its 10-day moving average of $41.60 on a volume of 230K 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.
Over the past year, Sanofi-Aventis has traded in a range of $37.41 to $54.98 and is now at $41.76, 12% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.3%.
SmarTrend is tracking the current trend status for Sanofi-Aventis and will alert subscribers who have SNY in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Sanofi-Aventis