Sociedad Quimica y Minera de Chile Bullish Moving Average Crossover Alert (SQM)
Today, shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) have crossed bullishly above their 10-day moving average of $21.00 on a volume of 126K 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.
In the past 52 weeks, Sociedad Quimica y Minera de Chile share prices have been bracketed by a low of $12.65 and a high of $23.65 and are now at $21.23, 68% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.0%.
SmarTrend recommended that subscribers consider buying shares of Sociedad Quimica y Minera de Chile on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.16. Since that recommendation, shares of Sociedad Quimica y Minera de Chile have risen 21.3%. We continue to monitor SQM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses sociedad quimica y minera de chile