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Middleby Corp Bullish Moving Average Crossover Alert (MIDD)

By Shiri Gupta

Today, shares of Middleby Corp (NASDAQ:MIDD) have crossed bullishly above their 10-day moving average of $55.21 on a volume of 148K 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.

Middleby Corp share prices have moved between a 52-week high of $142.98 and a 52-week low of $41.73 and are now trading 40% above that low price at $58.35 per share. The 200-day and 50-day moving averages have moved 1.74% lower and 5.98% lower over the past week, respectively.

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

Keywords: moving crosses middleby corp

Ticker(s): MIDD