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Bullish Moving Average Cross by 8X8 Inc (EGHT)

By Shiri Gupta

8X8 Inc (NASDAQ:EGHT) crossed over its 10-day moving average of $13.25 on a volume of 806K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, 8X8 Inc share prices have been bracketed by a low of $10.30 and a high of $16.80 and are now at $13.53, 31% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in 8X8 Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of 8X8 Inc in search of a potential trend change.

Keywords: moving crosses 8x8 inc

Ticker(s): EGHT