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Cognex Corp Bearish Moving Average Crossover Alert (CGNX)

By Nick Russo

Today, shares of Cognex Corp (NASDAQ:CGNX) have crossed bearishly below their 10-day moving average of $42.80 on a volume of 173K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Cognex Corp has traded in a range of $34.88 to $59.18 and is now at $42.44, 22% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.8%.

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