Bullish Moving Average Cross by Aruba Networks (ARUN)
Aruba Networks (NASDAQ:ARUN) crossed over its 10-day moving average of $14.58 on a volume of 438K 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, Aruba Networks share prices have been bracketed by a low of $12.37 and a high of $26.78 and are now at $14.70, 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 5.4%.
SmarTrend recommended that its subscribers protect gains by selling shares of Aruba Networks on April 4th, 2013 by issuing a Downtrend alert when the shares were trading at $23.01. Since that call, shares of Aruba Networks have fallen 37.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses aruba networks