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Bearish Moving Average Cross by Finisar Corp (FNSR)

By James Quinn

Today, shares of Finisar Corp (NASDAQ:FNSR) have fallen below their 10-day MA of $24.02 on a volume of 306K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Finisar Corp share prices have been bracketed by a low of $15.42 and a high of $24.77 and are now at $23.90, 55% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Finisar Corp on February 19th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.53. Since that recommendation, shares of Finisar Corp have risen 3.4%. We continue to monitor FNSR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses finisar corp

Ticker(s): FNSR