Bullish Moving Average Crossover Alert for AVX Corp. (AVX)
Published on 07/23/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- Today’s trading activities for AVX Corp. stock may signal that the shares
may continue to head higher in the foreseeable future assuming that the moving average continues to
rise with the price of the equity. Savvy investors who focus on quality stocks while looking for the right
opportunity to make a trade should focus on the moving averages to track the trend.
Today, the shares of AVX Corp. crossed above the 50-day moving average indicating a likely
bullish trend. Shares of AVX settled the day up $0.25 to $13.63 on heavier than
usual volume. In today's trading session, the stock price ranged between $13.24 and $13.75. The stock's 52 week
low is 10.4 and the 52 week high is 15.72.
Other relevant figures to examine are the support and resistance levels for AVX. Based on the pivot points, the current support
and resistance levels for AVX Corp. are 13.33 and 13.84 respectively. If the resistance point price is broken in an upward movement, then the bullish trend is likely to continue and vice versa.
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