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Cavium Networks Crosses Below its 10-day MA (CAVM)

By Amy Schwartz

Cavium Networks (NASDAQ:CAVM) shares have crossed bearishly below their 10-day moving average of $49.63 on a volume of 402K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Cavium Networks has traded in a range of $44.71 to $77.42 and is now at $48.27, 8% above that low. The 200-day and 50-day moving averages have moved 0.51% lower and 1.31% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Cavium Networks. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cavium Networks in search of a potential trend change.

Keywords: moving crosses Cavium Networks

Ticker(s): CAVM