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Carbonite Inc Bullish Moving Average Crossover Alert (CARB)

By James Quinn

Today, shares of Carbonite Inc (NASDAQ:CARB) have crossed bullishly above their 10-day moving average of $34.13 on a volume of 117K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Carbonite Inc share prices have moved between a 52-week high of $43.63 and a 52-week low of $20.50 and are now trading 68% above that low price at $34.52 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Carbonite Inc and will alert subscribers who have CARB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses carbonite inc

Ticker(s): CARB