Bearish Moving Average Cross by Fortinet (FTNT)
Today, shares of Fortinet (NASDAQ:FTNT) have fallen below their 10-day MA of $20.03 on a volume of 2.7 million 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.
In the past 52 weeks, Fortinet share prices have been bracketed by a low of $17.53 and a high of $28.82 and are now at $19.91, 14% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.7%.
SmarTrend is tracking the current trend status for Fortinet and will alert subscribers who have FTNT in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses fortinet