Market Overview

Daimler Bullish Moving Average Crossover Alert (DAI)

Share:

Today, shares of Daimler (NYSE: DAI) have crossed bullishly above their 10-day moving average of $51.33 on volume of 1 million 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. Watch for a close above this moving average level for confirmation.

SmarTrend issued an Uptrend Alert for Daimler on March 05, 2010 at $44.66. In approximately 2 months, Daimler has returned 15% as of today's recent price of $51.37.

We will continue to monitor DAI's share price relative to this moving average.

Write to Chip Brian at cbrian@tradethetrend.com

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