• Return to Headlines

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 $49.58 on a volume of 278K shares. This may provide swing traders with 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 $49.14, 41% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

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