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Sony Bullish Moving Average Crossover Alert (SNE)

By David Diaz

Today, shares of Sony (NYSE:SNE) have advanced above their 10-day MA of $24.29 on a volume of 271K 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, Sony has traded in a range of $19.90 to $32.95 and is now at $24.46, 23% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.8%.

SmarTrend is monitoring the recent change of momentum in Sony. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sony in search of a potential trend change.

Keywords: moving crosses Sony

Ticker(s): SNE