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

By Amy Schwartz

Thermo Fisher Scientific (NYSE:TMO) shares have crossed bullishly above their 10-day moving average of $157.92 on a volume of 121K shares. This may provide short-term investors a chance 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 $160.68 and a 52-week low of $117.10 and are now trading 35% above that low price at $158.36 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

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

Keywords: moving crosses thermo fisher scientific

Ticker(s): TMO