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Bearish Moving Average Cross by Chegg Inc (CHGG)

By James Quinn

Chegg Inc (NYSE:CHGG) shares have crossed bearishly below their 10-day moving average of $29.02 on a volume of 208K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Chegg Inc share prices have been bracketed by a low of $13.21 and a high of $29.76 and are now at $28.84, 118% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.1%.

SmarTrend is tracking the current trend status for Chegg Inc and will alert subscribers who have CHGG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses chegg inc

Ticker(s): CHGG