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Cognex Corp Crosses Below its 10-day MA (CGNX)

By Amy Schwartz

Today, shares of Cognex Corp (NASDAQ:CGNX) have crossed bearishly below their 10-day moving average of $54.91 on a volume of 291K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Cognex Corp share prices have moved between a 52-week high of $291.96 and a 52-week low of $51.46 and are now trading 6% above that low price at $54.52 per share. The 200-day and 50-day moving averages have moved 0% lower and 0% lower over the past week, respectively.

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 18.0%. 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