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Bearish Moving Average Cross by Copart Inc (CPRT)

By Nick Russo

Today, shares of Copart Inc (NASDAQ:CPRT) have crossed bearishly below their 10-day moving average of $66.24 on a volume of 202K 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, Copart Inc share prices have been bracketed by a low of $44.61 and a high of $67.54 and are now at $65.48, 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.3%.

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

Keywords: moving crosses copart inc

Ticker(s): CPRT