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Ambarella Inc Crosses Above its 10-day MA (AMBA)

By Shiri Gupta

Ambarella Inc (NASDAQ:AMBA) crossed over its 10-day moving average of $50.88 on a volume of 284K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Ambarella Inc share prices have been bracketed by a low of $40.06 and a high of $74.95 and are now at $52.17, 30% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.5% while the 50-day MA has declined 1%.

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