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Bearish Moving Average Cross by Cavium Inc (CAVM)

By James Quinn

Cavium Inc (NASDAQ:CAVM) shares have crossed bearishly below their 10-day moving average of $89.68 on a volume of 913K 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 Cavium Inc have traded between a low of $35.90 and a high of $92.66 and are now at $88.92, which is 148% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.3%.

SmarTrend recommended that subscribers consider buying shares of Cavium Inc on September 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.60. Since that recommendation, shares of Cavium Inc have risen 43.0%. We continue to monitor CAVM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cavium inc

Ticker(s): CAVM