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Bearish Moving Average Cross by Equinix (EQIX)

By David Diaz

Equinix (NASDAQ:EQIX) shares have crossed bearishly below their 10-day moving average of $383.14 on a volume of 131K 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.

Equinix share prices have moved between a 52-week high of $392.92 and a 52-week low of $225.02 and are now trading 70% above that low price at $381.89 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Equinix on December 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $351.49. Since that recommendation, shares of Equinix have risen 10.4%. We continue to monitor EQIX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses equinix

Ticker(s): EQIX