• Return to Headlines

Thermo Fisher Scientific Crosses Above its 10-day MA (TMO)

By Nick Russo

Today, shares of Thermo Fisher Scientific (NYSE:TMO) have crossed bullishly above their 10-day moving average of $171.50 on a volume of 256K 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 $173.53 and are now at $172.45, which is 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

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 7.7%. 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