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Bearish Moving Average Cross by Carbonite Inc (CARB)

By Nick Russo

Today, shares of Carbonite Inc (NASDAQ:CARB) have crossed bearishly below their 10-day moving average of $37.17 on a volume of 139K 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.

Over the past year, Carbonite Inc has traded in a range of $18.55 to $41.25 and is now at $36.85, 99% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.9%.

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

Keywords: moving crosses carbonite inc

Ticker(s): CARB