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Cirrus Logic Inc Bullish Moving Average Crossover Alert (CRUS)

By Shiri Gupta

Today, shares of Cirrus Logic Inc (NASDAQ:CRUS) have advanced above their 10-day MA of $40.86 on a volume of 336K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Cirrus Logic Inc share prices have moved between a 52-week high of $46.18 and a 52-week low of $31.25 and are now trading 32% above that low price at $41.34 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Cirrus Logic Inc on January 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.10. Since that recommendation, shares of Cirrus Logic Inc have risen 12.2%. We continue to monitor CRUS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cirrus logic inc

Ticker(s): CRUS