St Jude Medical Crosses Below its 10-day MA (STJ)
St Jude Medical (NYSE:STJ) crossed under its 10-day moving average of $78.61 on a volume of 270K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, St Jude Medical share prices have been bracketed by a low of $48.83 and a high of $84.00 and are now at $78.41, 61% 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 45.5%. 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