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

By Shiri Gupta

Today, shares of Thermo Fisher Scientific (NYSE:TMO) have crossed bearishly below their 10-day moving average of $152.94 on a volume of 103K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $152.27, which is 30% 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 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