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Shutterfly Crosses Above its 10-day MA (SFLY)

By Nick Russo

Today, shares of Shutterfly (NASDAQ:SFLY) have crossed bullishly above their 10-day moving average of $47.19 on a volume of 143K 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, Shutterfly has traded in a range of $35.22 to $49.10 and is now at $48.49, 38% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Shutterfly on February 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.57. Since that recommendation, shares of Shutterfly have risen 6.3%. We continue to monitor SFLY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses shutterfly

Ticker(s): SFLY