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Bearish Moving Average Cross by Zagg Inc (ZAGG)

By James Quinn

Zagg Inc (NASDAQ:ZAGG) crossed under its 10-day moving average of $5.69 on a volume of 125K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Zagg Inc share prices have moved between a 52-week high of $19.40 and a 52-week low of $5.26 and are now trading 5% above that low price at $5.50 per share. The 200-day and 50-day moving averages have moved 1.01% lower and 0.85% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Zagg Inc on July 26th, 2019 by issuing a Downtrend alert when the shares were trading at $6.44. Since that call, shares of Zagg Inc have fallen 9.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses zagg inc

Ticker(s): ZAGG