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Bearish Moving Average Cross by Ringcentral In-A (RNG)

By Shiri Gupta

Today, shares of Ringcentral In-A (NYSE:RNG) have crossed bearishly below their 10-day moving average of $104.79 on a volume of 131K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Ringcentral In-A share prices have moved between a 52-week high of $111.89 and a 52-week low of $63.95 and are now trading 63% above that low price at $104.36 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.7%.

SmarTrend is monitoring the recent change of momentum in Ringcentral In-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ringcentral In-A in search of a potential trend change.

Keywords: moving crosses ringcentral in-a

Ticker(s): RNG