Bullish Moving Average Cross by Stratasys (SSYS)
Stratasys (NASDAQ:SSYS) crossed over its 10-day moving average of $21.85 on a volume of 158K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Stratasys share prices have moved between a 52-week high of $39.45 and a 52-week low of $14.48 and are now trading 53% above that low price at $22.10 per share. The 200-day and 50-day moving averages have moved 0.84% lower and 1.43% higher over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Stratasys on May 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $24.01. Since that call, shares of Stratasys have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses stratasys