• Return to Headlines

Aspen Technology Bearish Moving Average Crossover Alert (AZPN)

By Amy Schwartz

Today, shares of Aspen Technology (NASDAQ:AZPN) have crossed bearishly below their 10-day moving average of $61.80 on a volume of 223K 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.

In the past 52 weeks, shares of Aspen Technology have traded between a low of $29.25 and a high of $64.34 and are now at $61.24, which is 109% above that low price. The 200-day and 50-day moving averages have moved 0.37% lower and 1.08% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Aspen Technology on February 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.08. Since that recommendation, shares of Aspen Technology have risen 10.6%. We continue to monitor AZPN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses aspen technology

Ticker(s): AZPN