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

By David Diaz

Today, shares of Jack Henry & Associates (NASDAQ:JKHY) have fallen below their 10-day MA of $103.95 on a volume of 111K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Jack Henry & Associates share prices have moved between a 52-week high of $106.46 and a 52-week low of $60.10 and are now trading 73% above that low price at $103.74 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.

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 10.0%. 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