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Cirrus Logic Bullish Moving Average Crossover Alert (CRUS)

By James Quinn

Today, shares of Cirrus Logic (NASDAQ:CRUS) have crossed bullishly above their 10-day moving average of $32.54 on a volume of 138K 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, Cirrus Logic has traded in a range of $24.56 to $38.48 and is now at $32.92, 34% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

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

Keywords: moving crosses cirrus logic

Ticker(s): CRUS