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Vector Group Crosses Above its 10-day MA (VGR)

By Shiri Gupta

Vector Group (NYSE:VGR) crossed over its 10-day moving average of $20.34 on a volume of 227K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Vector Group have traded between a low of $20.02 and a high of $25.87 and are now at $20.57, which is 3% above that low price. The 200-day and 50-day moving averages have moved 0.33% lower and 0.59% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Vector Group on September 30th, 2016 by issuing a Downtrend alert when the shares were trading at $21.63. Since that call, shares of Vector Group have fallen 7.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses vector group

Ticker(s): VGR