• Return to Headlines

Bearish Moving Average Cross by Jack Henry & Associates (JKHY)

By David Diaz

Jack Henry & Associates (NASDAQ:JKHY) crossed under its 10-day moving average of $104.70 on a volume of 108K 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, Jack Henry & Associates share prices have been bracketed by a low of $60.10 and a high of $106.46 and are now at $104.53, 74% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Jack Henry & Associates on April 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.88. Since that recommendation, shares of Jack Henry & Associates have risen 10.6%. We continue to monitor JKHY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses jack henry & associates

Ticker(s): JKHY