• Return to Headlines

Cavium Inc Crosses Above its 10-day MA (CAVM)

By Amy Schwartz

Cavium Inc (NASDAQ:CAVM) shares have crossed bullishly above their 10-day moving average of $84.52 on a volume of 120K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Cavium Inc has traded in a range of $56.96 to $92.66 and is now at $84.68, 49% above that low. The 200-day and 50-day moving averages have moved 0.44% higher and 0.43% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Cavium Inc on May 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $79.09. Since that recommendation, shares of Cavium Inc have risen 6.6%. We continue to monitor CAVM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cavium inc

Ticker(s): CAVM