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Thermo Fisher Scientific Bearish Moving Average Crossover Alert (TMO)

By Nick Russo

Thermo Fisher Scientific (NYSE:TMO) shares have crossed bearishly below their 10-day moving average of $146.71 on a volume of 332K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Thermo Fisher Scientific share prices have been bracketed by a low of $117.10 and a high of $154.81 and are now at $146.31, 25% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.85% higher over the past week, respectively.

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

Keywords: moving crosses thermo fisher scientific

Ticker(s): TMO