Bullish Moving Average Cross by Aruba Networks (ARUN)
Aruba Networks (NASDAQ:ARUN) shares have crossed bullishly above their 10-day moving average of $21.22 on a volume of 358K 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, shares of Aruba Networks have traded between a low of $12.38 and a high of $26.26 and are now at $21.75, which is 76% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.7%.
SmarTrend recommended that subscribers consider buying shares of Aruba Networks on July 12th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.85. Since that recommendation, shares of Aruba Networks have risen 25.3%. We continue to monitor ARUN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses aruba networks