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St Jude Medical Crosses Above its 10-day MA (STJ)

By Shiri Gupta

St Jude Medical (NYSE:STJ) crossed over its 10-day moving average of $76.98 on a volume of 263K 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 St Jude Medical have traded between a low of $48.83 and a high of $80.84 and are now at $77.16, which is 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.1% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of St Jude Medical on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.18. Since that recommendation, shares of St Jude Medical have risen 41.3%. We continue to monitor STJ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses St Jude Medical

Ticker(s): STJ