StatoilHydro Crosses Above its 10-day MA (STO)
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