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Bearish Moving Average Cross by Adtran (ADTN)

By James Quinn

Adtran (NASDAQ:ADTN) shares have crossed bearishly below their 10-day moving average of $23.66 on a volume of 101K 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 Adtran have traded between a low of $17.37 and a high of $27.92 and are now at $23.36, which is 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.2%.

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

Keywords: moving crosses Adtran

Ticker(s): ADTN