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Bearish Moving Average Cross by Etsy Inc (ETSY)

By Nick Russo

Etsy Inc (NASDAQ:ETSY) shares have crossed bearishly below their 10-day moving average of $67.95 on a volume of 213K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Etsy Inc has traded in a range of $24.41 to $73.35 and is now at $67.37, 176% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.7%.

SmarTrend recommended that subscribers consider buying shares of Etsy Inc on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.79. Since that recommendation, shares of Etsy Inc have risen 35.9%. We continue to monitor ETSY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses etsy inc

Ticker(s): ETSY