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Carbonite Inc Bullish Moving Average Crossover Alert (CARB)

By Amy Schwartz

Today, shares of Carbonite Inc (NASDAQ:CARB) have crossed bullishly above their 10-day moving average of $24.77 on a volume of 563K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Carbonite Inc has traded in a range of $21.83 to $43.63 and is now at $28.05, 28% above that low. The 200-day and 50-day moving averages have moved 0.87% lower and 0.12% higher over the past week, respectively.

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