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Scotts Miracle Crosses Above its 10-day MA (SMG)

By David Diaz

Scotts Miracle (NYSE:SMG) shares have crossed bullishly above their 10-day moving average of $83.11 on a volume of 127K 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, Scotts Miracle has traded in a range of $65.80 to $110.12 and is now at $83.31, 27% above that low. The 200-day and 50-day moving averages have moved 0.30% higher and 0.30% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Scotts Miracle on January 30th, 2018 by issuing a Downtrend alert when the shares were trading at $93.08. Since that call, shares of Scotts Miracle have fallen 11.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses scotts miracle

Ticker(s): SMG