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

By Nick Russo

Thermo Fisher Scientific (NYSE:TMO) crossed under its 10-day moving average of $148.51 on a volume of 237K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Thermo Fisher Scientific has traded in a range of $117.10 to $151.22 and is now at $147.92, 26% above that low. 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 recommended that subscribers consider buying shares of Thermo Fisher Scientific on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $129.58. Since that recommendation, shares of Thermo Fisher Scientific have risen 15.8%. 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