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Moving Average Crossover Alert: Aegean Marine Petroleum Network (ANW)

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Are you a technical investor? If so, it may be time to consider Aegean Marine Petroleum Network Inc. for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for ANW.

This trend may have already begun, as shares of ANW have moved by higher by 30.1% in just the past month. Plus, ANW has earned itself a Zacks Rank #1 (Strong Buy), so there is plenty of reason to believe that the run for Aegean Marine Petroleum Network has plenty of life left.  You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

More bullishness may especially be the case when investors consider what has been happening for ANW on the earnings estimate revision front lately. None estimate has gone lower in the past two months, compared to 2 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future.

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