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Steelcase Inc-A Crosses Above its 10-day MA (SCS)

By Amy Schwartz

Steelcase Inc-A (NYSE:SCS) crossed over its 10-day moving average of $16.51 on a volume of 226K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Steelcase Inc-A have traded between a low of $13.96 and a high of $19.35 and are now at $16.82, which is 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is monitoring the recent change of momentum in Steelcase Inc-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Steelcase Inc-A in search of a potential trend change.

Keywords: moving crosses steelcase inc-a

Ticker(s): SCS