• Return to Headlines

Thermo Fisher Crosses Below its 10-day MA (TMO)

By David Diaz

Thermo Fisher (NYSE:TMO) crossed under its 10-day moving average of $285.77 on a volume of 411K 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.

In the past 52 weeks, Thermo Fisher share prices have been bracketed by a low of $208.34 and a high of $305.45 and are now at $285.39, 37% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

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

Keywords: moving crosses Thermo Fisher

Ticker(s): TMO