Bearish Moving Average Cross by Aruba Networks (ARUN)
Aruba Networks (NASDAQ:ARUN) crossed under its 10-day moving average of $18.58 on a volume of 530K 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.
Aruba Networks share prices have moved between a 52-week high of $25.00 and a 52-week low of $12.36 and are now trading 48% above that low price at $18.32 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.5%.
SmarTrend is tracking the current trend status for Aruba Networks and will alert subscribers who have ARUN in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses aruba networks