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Chegg Inc Crosses Below its 10-day MA (CHGG)

By Amy Schwartz

Chegg Inc (NYSE:CHGG) shares have crossed bearishly below their 10-day moving average of $37.57 on a volume of 216K 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, Chegg Inc has traded in a range of $20.40 to $41.69 and is now at $37.15, 82% above that low. The 200-day and 50-day moving averages have moved 0.59% higher and 0.58% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Chegg Inc on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.33. Since that recommendation, shares of Chegg Inc have risen 28.3%. We continue to monitor CHGG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses chegg inc

Ticker(s): CHGG