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Bullish Moving Average Cross by Chegg Inc (CHGG)

By Shiri Gupta

Chegg Inc (NYSE:CHGG) crossed over its 10-day moving average of $38.70 on a volume of 322K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Chegg Inc share prices have been bracketed by a low of $22.67 and a high of $41.69 and are now at $39.44, 74% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.

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

Keywords: moving crosses chegg inc

Ticker(s): CHGG