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Thermo Fisher Scientific Bullish Moving Average Crossover Alert (TMO)

By Amy Schwartz

Today, shares of Thermo Fisher Scientific (NYSE:TMO) have crossed bullishly above their 10-day moving average of $148.65 on a volume of 474K shares. Swing traders may find 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 Thermo Fisher Scientific have traded between a low of $117.10 and a high of $160.68 and are now at $149.12, which is 27% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

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