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Bearish Moving Average Cross by Equinix Inc (EQIX)

By James Quinn

Equinix Inc (NASDAQ:EQIX) crossed under its 10-day moving average of $463.80 on a volume of 131K 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.

Over the past year, Equinix Inc has traded in a range of $314.55 to $470.44 and is now at $461.01, 47% above that low. Over the last five market days, 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 Inc on July 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $440.07. Since that recommendation, shares of Equinix Inc have risen 5.9%. We continue to monitor EQIX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses equinix inc

Ticker(s): EQIX