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Sony Crosses Above its 10-day MA (SNE)

By Nick Russo

Sony (NYSE:SNE) crossed over its 10-day moving average of $30.18 on a volume of 194K shares. Swing traders may find 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 $15.96 and a high of $32.95 and are now at $30.62, which is 92% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.7%.

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