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

By Amy Schwartz

Ambarella Inc (NASDAQ:AMBA) shares have crossed bearishly below their 10-day moving average of $51.95 on a volume of 7.8 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Ambarella Inc share prices have moved between a 52-week high of $74.95 and the current low of $42.01 and are currently at $42.23 per share. Over the last five market days, 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