Bearish Moving Average Cross by Changyou.com Ltd (CYOU)
Changyou.com Ltd (NASDAQ:CYOU) shares have crossed bearishly below their 10-day moving average of $28.16 on a volume of 171K 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, Changyou.com Ltd share prices have been bracketed by a low of $15.21 and a high of $35.27 and are now at $27.95, 84% above that low price. The 200-day and 50-day moving averages have moved 0.47% lower and 0.56% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Changyou.com Ltd on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.08. Since that recommendation, shares of Changyou.com Ltd have risen 36.0%. We continue to monitor CYOU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses changyou.com ltd