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Bearish Moving Average Cross by ANSYS (ANSS)

By David Diaz

ANSYS (NASDAQ:ANSS) crossed under its 10-day moving average of $97.89 on a volume of 635K 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.

Over the past year, ANSYS has traded in a range of $80.51 to $98.99 and is now at $96.90, 20% above that low. The 200-day and 50-day moving averages have moved 0.08% lower and 0.18% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of ANSYS on June 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $89.85. Since that recommendation, shares of ANSYS have risen 9.6%. We continue to monitor ANSS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ansys

Ticker(s): ANSS