• Return to Headlines

Bullish Moving Average Cross by Applied Optoelec (AAOI)

By James Quinn

Today, shares of Applied Optoelec (NASDAQ:AAOI) have advanced above their 10-day MA of $43.37 on a volume of 555K 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.

Over the past year, Applied Optoelec has traded in a range of $22.54 to $103.41 and is now at $43.90, 95% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.1% while the 200-day MA has slid 0.7%.

SmarTrend recommended that subscribers consider buying shares of Applied Optoelec on April 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.62. Since that recommendation, shares of Applied Optoelec have risen 42.3%. We continue to monitor AAOI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses applied optoelec

Ticker(s): AAOI