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StatoilHydro Crosses Above its 10-day MA (STO)

By Nick Russo

Today, shares of StatoilHydro (NYSE:STO) have crossed bullishly above their 10-day moving average of $16.45 on a volume of 1.1 million 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.

StatoilHydro share prices have moved between a 52-week high of $21.72 and a 52-week low of $10.89 and are now trading 55% above that low price at $16.87 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

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