Sony Crosses Above its 10-day MA (SNE)
Sony (NYSE:SNE) crossed over its 10-day moving average of $26.99 on a volume of 405K 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, shares of Sony have traded between a low of $19.90 and a high of $32.95 and are now at $27.95, which is 40% above that low price. The 200-day and 50-day moving averages have moved 0.11% lower and 1.18% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Sony on March 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.84. Since that recommendation, shares of Sony have risen 12.2%. We continue to monitor SNE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Sony