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

By Nick Russo

St Jude Medical (NYSE:STJ) crossed under its 10-day moving average of $80.03 on a volume of 6.9 million 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.

St Jude Medical share prices have moved between a 52-week high of $84.00 and a 52-week low of $48.83 and are now trading 61% above that low price at $78.72 per share. 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 50.0%. 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