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Bearish Moving Average Cross by Pegasystems Inc (PEGA)

By Amy Schwartz

Pegasystems Inc (NASDAQ:PEGA) crossed under its 10-day moving average of $70.17 on a volume of 112K 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.

Over the past year, Pegasystems Inc has traded in a range of $43.21 to $79.67 and is now at $69.53, 61% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.

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

Keywords: moving crosses pegasystems inc

Ticker(s): PEGA