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Bullish Moving Average Cross by Proofpoint Inc (PFPT)

By James Quinn

Today, shares of Proofpoint Inc (NASDAQ:PFPT) have advanced above their 10-day MA of $111.55 on a volume of 156K 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, Proofpoint Inc has traded in a range of $75.92 to $131.43 and is now at $114.21, 50% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Proofpoint Inc on May 23rd, 2019 by issuing a Downtrend alert when the shares were trading at $115.47. Since that call, shares of Proofpoint Inc have fallen 3.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses proofpoint inc

Ticker(s): PFPT