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Bullish Moving Average Cross by Mednax Inc (MD)

By James Quinn

Mednax Inc (NYSE:MD) shares have crossed bullishly above their 10-day moving average of $11.50 on a volume of 287K shares. This may provide swing traders with 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 Mednax Inc have traded between a low of $7.37 and a high of $29.97 and are now at $12.26, which is 66% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 8.3% while the 200-day MA has slid 1.6%.

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

Keywords: moving crosses mednax inc

Ticker(s): MD