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CardioNet Bearish Moving Average Crossover Alert (BEAT)

By James Quinn

Today, shares of CardioNet (NASDAQ:BEAT) have fallen below their 10-day MA of $32.29 on a volume of 1.3 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of CardioNet have traded between a low of $7.86 and a high of $34.00 and are now at $27.85, which is 254% above that low price. The 200-day and 50-day moving averages have moved 0.66% higher and 2.35% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of CardioNet on November 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.85. Since that recommendation, shares of CardioNet have risen 76.1%. We continue to monitor BEAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cardionet

Ticker(s): BEAT