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Amerisourceberge Bullish Moving Average Crossover Alert (ABC)

By Amy Schwartz

Amerisourceberge (NYSE:ABC) crossed over its 10-day moving average of $83.32 on a volume of 181K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Amerisourceberge has traded in a range of $70.55 to $97.50 and is now at $83.99, 19% above that low. The 200-day and 50-day moving averages have moved 0% lower and 0.68% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Amerisourceberge. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Amerisourceberge in search of a potential trend change.

Keywords: moving crosses amerisourceberge

Ticker(s): ABC