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

By Amy Schwartz

Today, shares of Thermo Fisher Scientific (NYSE:TMO) have fallen below their 10-day MA of $151.72 on a volume of 528K shares. Swing traders may find 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 $160.68 and is now at $149.99, 28% 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 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