• Return to Headlines

Bullish Moving Average Cross by Cirrus Logic (CRUS)

By James Quinn

Today, shares of Cirrus Logic (NASDAQ:CRUS) have advanced above their 10-day MA of $64.18 on a volume of 131K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Cirrus Logic has traded in a range of $24.56 to $67.47 and is now at $64.39, 162% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Cirrus Logic on March 17th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.17. Since that recommendation, shares of Cirrus Logic have risen 9.2%. We continue to monitor CRUS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cirrus logic

Ticker(s): CRUS