Bearish Moving Average Cross by Fortinet (FTNT)
Fortinet (NASDAQ:FTNT) shares have crossed bearishly below their 10-day moving average of $35.70 on a volume of 923K 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.
Fortinet share prices have moved between a 52-week high of $50.31 and a 52-week low of $26.87 and are now trading 32% above that low price at $35.59 per share. The 200-day and 50-day moving averages have moved 0.11% higher and 1.43% lower over the past week, respectively.
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