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Cirrus Logic Inc Crosses Below its 10-day MA (CRUS)

By Nick Russo

Cirrus Logic Inc (NASDAQ:CRUS) shares have crossed bearishly below their 10-day moving average of $42.60 on a volume of 199K 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, Cirrus Logic Inc has traded in a range of $34.78 to $59.09 and is now at $42.08, 21% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Cirrus Logic Inc on May 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.34. Since that recommendation, shares of Cirrus Logic Inc have risen 9.4%. 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