SAP Crosses Above its 10-day MA (SAP)
Today, shares of SAP (NYSE:SAP) have advanced above their 10-day MA of $87.64 on a volume of 925K 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.
SAP share prices have moved between a 52-week high of $92.76 and a 52-week low of $62.57 and are now trading 42% above that low price at $88.89 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in SAP. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of SAP in search of a potential trend change.
Keywords: moving crosses