Arris Group Bearish Moving Average Crossover Alert (ARRS)
Today, shares of Arris Group (NASDAQ:ARRS) have fallen below their 10-day MA of $28.97 on a volume of 2.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Arris Group share prices have been bracketed by a low of $20.05 and a high of $34.90 and are now at $27.17, 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.2%.
SmarTrend recommended that subscribers consider buying shares of Arris Group on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.87. Since that recommendation, shares of Arris Group have risen 23.7%. We continue to monitor ARRS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Arris Group