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Bearish Moving Average Cross by Adv Energy Inds (AEIS)

By James Quinn

Today, shares of Adv Energy Inds (NASDAQ:AEIS) have fallen below their 10-day MA of $64.94 on a volume of 180K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Adv Energy Inds share prices have been bracketed by a low of $35.42 and a high of $95.00 and are now at $63.11, 78% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.1%.

SmarTrend is monitoring the recent change of momentum in Adv Energy Inds. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Adv Energy Inds in search of a potential trend change.

Keywords: moving crosses adv energy inds

Ticker(s): AEIS