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Bullish Moving Average Cross by Square Inc (SQ)

By Amy Schwartz

Square Inc (:SQ) crossed over its 10-day moving average of $60.14 on a volume of 2.1 million 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.

In the past 52 weeks, Square Inc share prices have been bracketed by a low of $49.82 and a high of $101.15 and are now at $60.32, 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Square Inc on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $69.03. Since that call, shares of Square Inc have fallen 13.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses :sq square inc

Ticker(s): SQ