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Bullish Moving Average Cross by Cirrus Logic (CRUS)

By Shiri Gupta

Cirrus Logic (NASDAQ:CRUS) shares have crossed bullishly above their 10-day moving average of $35.19 on a volume of 2.6 million 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, Cirrus Logic has traded in a range of $24.56 to $38.20 and is now at $35.84, 46% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Cirrus Logic on January 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.28. Since that recommendation, shares of Cirrus Logic have risen 8.4%. 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