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Bearish Moving Average Cross by DG FastChannel (DGIT)

By David Diaz

Today, shares of DG FastChannel (NASDAQ:DGIT) have crossed bearishly below their 10-day moving average of $12.76 on a volume of 109K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, DG FastChannel has traded in a range of $5.78 to $14.07 and is now at $12.57, 117% above that low. The 200-day and 50-day moving averages have moved 0.42% higher and 0.41% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of DG FastChannel on April 29th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.12. Since that recommendation, shares of DG FastChannel have risen 82.6%. We continue to monitor DGIT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses dg fastchannel

Ticker(s): DGIT