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Spectranetics Bullish Moving Average Crossover Alert (SPNC)

By David Diaz

Today, shares of Spectranetics (NASDAQ:SPNC) have crossed bullishly above their 10-day moving average of $30.98 on a volume of 17.0 million 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 Spectranetics have traded between a low of $16.83 and a high of $38.40 and are now at $38.35, which is 128% above that low price. The 200-day and 50-day moving averages have moved 1% lower and 2.87% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Spectranetics on June 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.65. Since that recommendation, shares of Spectranetics have risen 6.1%. We continue to monitor SPNC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses spectranetics

Ticker(s): SPNC