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Bearish Moving Average Cross by Viasat Inc (VSAT)

By Shiri Gupta

Today, shares of Viasat Inc (NASDAQ:VSAT) have fallen below their 10-day MA of $69.67 on a volume of 454K 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.

Viasat Inc share prices have moved between a 52-week high of $80.26 and a 52-week low of $57.75 and are now trading 13% above that low price at $65.36 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Viasat Inc on July 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.78. Since that recommendation, shares of Viasat Inc have risen 5.9%. We continue to monitor VSAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses viasat inc

Ticker(s): VSAT