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Bearish Moving Average Cross by Ii-Vi Inc (IIVI)

By James Quinn

Ii-Vi Inc (NASDAQ:IIVI) crossed under its 10-day moving average of $38.36 on a volume of 128K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Ii-Vi Inc share prices have been bracketed by a low of $29.31 and a high of $53.08 and are now at $37.90, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Ii-Vi Inc and will alert subscribers who have IIVI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ii-vi inc

Ticker(s): IIVI