• Return to Headlines

Cognex Corp Bearish Moving Average Crossover Alert (CGNX)

By David Diaz

Today, shares of Cognex Corp (NASDAQ:CGNX) have crossed bearishly below their 10-day moving average of $47.78 on a volume of 202K 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.

In the past 52 weeks, Cognex Corp share prices have been bracketed by a low of $39.90 and a high of $291.96 and are now at $47.31, 19% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Cognex Corp on December 4th, 2017 by issuing a Downtrend alert when the shares were trading at $67.43. Since that call, shares of Cognex Corp have fallen 28.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses cognex corp

Ticker(s): CGNX