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Aramark Crosses Above its 10-day MA (ARMK)

By David Diaz

Aramark (NYSE:ARMK) shares have crossed bullishly above their 10-day moving average of $19.73 on a volume of 248K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Aramark share prices have moved between a 52-week high of $47.22 and a 52-week low of $9.65 and are now trading 121% above that low price at $21.37 per share. The 200-day and 50-day moving averages have moved 1.01% lower and 7.82% lower over the past week, respectively.

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

Keywords: moving crosses aramark

Ticker(s): ARMK