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Bearish Moving Average Cross by Inphi Corp (IPHI)

By James Quinn

Inphi Corp (NYSE:IPHI) shares have crossed bearishly below their 10-day moving average of $31.04 on a volume of 607K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Inphi Corp share prices have moved between a 52-week high of $51.78 and a 52-week low of $23.65 and are now trading 16% above that low price at $27.41 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Inphi Corp on March 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.38. Since that recommendation, shares of Inphi Corp have risen 6.9%. We continue to monitor IPHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses inphi corp

Ticker(s): IPHI