Aruba Networks Crosses Above its 10-day MA (ARUN)
Aruba Networks (NASDAQ:ARUN) crossed over its 10-day moving average of $20.05 on a volume of 270K 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 Aruba Networks have traded between a low of $12.38 and a high of $25.81 and are now at $20.25, which is 64% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.
SmarTrend recommended that subscribers consider buying shares of Aruba Networks on July 12th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.85. Since that recommendation, shares of Aruba Networks have risen 15.6%. We continue to monitor ARUN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses aruba networks