Bearish Moving Average Cross by Adtran (ADTN)
Adtran (NASDAQ:ADTN) crossed under its 10-day moving average of $22.50 on a volume of 398K 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 $20.72 and a high of $27.98 and are now at $21.72, which is 5% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Adtran. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Adtran in search of a potential trend change.
Keywords: moving crosses Adtran