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Thermo Fisher Scientific Bullish Moving Average Crossover Alert (TMO)

By Shiri Gupta

Today, shares of Thermo Fisher Scientific (NYSE:TMO) have advanced above their 10-day MA of $175.02 on a volume of 118K 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.

Thermo Fisher Scientific share prices have moved between a 52-week high of $176.85 and a 52-week low of $117.10 and are now trading 50% above that low price at $175.85 per share. The 200-day and 50-day moving averages have moved 0.13% higher and 0.85% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Thermo Fisher Scientific on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $158.77. Since that recommendation, shares of Thermo Fisher Scientific have risen 10.1%. We continue to monitor TMO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses thermo fisher scientific

Ticker(s): TMO