Vale Crosses Above its 10-day MA (VALE)
Today, shares of Vale (NASDAQ:VALE) have advanced above their 10-day MA of $5.28 on a volume of 12.6 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Vale share prices have moved between a 52-week high of $9.14 and a 52-week low of $2.13 and are now trading 154% above that low price at $5.40 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 3.7%.
SmarTrend is monitoring the recent change of momentum in Vale. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vale in search of a potential trend change.
Keywords: moving crosses