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Kar Auction Serv Bullish Moving Average Crossover Alert (KAR)

By Nick Russo

Today, shares of Kar Auction Serv (NYSE:KAR) have crossed bullishly above their 10-day moving average of $24.96 on a volume of 992K 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 Kar Auction Serv have traded between a low of $23.43 and a high of $64.55 and are now at $25.14, which is 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 4.7%.

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

Keywords: moving crosses kar auction serv

Ticker(s): KAR