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

By Nick Russo

Applied Optoelec (NASDAQ:AAOI) crossed under its 10-day moving average of $46.55 on a volume of 1.3 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.

Applied Optoelec share prices have moved between a 52-week high of $103.41 and a 52-week low of $22.54 and are now trading 95% above that low price at $44.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.5% while the 200-day MA has slid 0.6%.

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