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Ambarella Inc Bearish Moving Average Crossover Alert (AMBA)

By Amy Schwartz

Ambarella Inc (NASDAQ:AMBA) shares have crossed bearishly below their 10-day moving average of $49.08 on a volume of 215K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Ambarella Inc has traded in a range of $40.06 to $74.95 and is now at $48.56, 21% above that low. The 200-day and 50-day moving averages have moved 2.49% lower and 1% lower over the past week, respectively.

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

Keywords: moving crosses ambarella inc

Ticker(s): AMBA