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Cognex Corp Bearish Moving Average Crossover Alert (CGNX)

By Amy Schwartz

Today, shares of Cognex Corp (NASDAQ:CGNX) have crossed bearishly below their 10-day moving average of $43.80 on a volume of 148K 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 $34.88 and a high of $59.18 and are now at $43.69, 25% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.1%.

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

Keywords: moving crosses cognex corp

Ticker(s): CGNX