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StatoilHydro Bullish Moving Average Crossover Alert (STO)

By Shiri Gupta

Today, shares of StatoilHydro (NYSE:STO) have crossed bullishly above their 10-day moving average of $16.45 on a volume of 933K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of StatoilHydro have traded between a low of $10.89 and a high of $21.72 and are now at $16.79, which is 54% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for StatoilHydro and will alert subscribers who have STO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses statoilhydro

Ticker(s): STO