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Schulman Crosses Above its 10-day MA (SHLM)

By Amy Schwartz

Today, shares of Schulman (NASDAQ:SHLM) have advanced above their 10-day MA of $23.52 on a volume of 216K 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, Schulman has traded in a range of $20.65 to $46.40 and is now at $24.99, 21% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Schulman on May 18th, 2016 by issuing a Downtrend alert when the shares were trading at $24.47. Since that call, shares of Schulman have fallen 13.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses schulman

Ticker(s): SHLM