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Applied Optoelec Crosses Above its 10-day MA (AAOI)

By Shiri Gupta

Applied Optoelec (NASDAQ:AAOI) crossed over its 10-day moving average of $12.54 on a volume of 113K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Applied Optoelec have traded between a low of $11.77 and a high of $50.30 and are now at $12.81, which is 9% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has declined 2%.

SmarTrend is tracking the current trend status for Applied Optoelec and will alert subscribers who have AAOI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses applied optoelec

Ticker(s): AAOI