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

By James Quinn

Today, shares of Cognex Corp (NASDAQ:CGNX) have crossed bearishly below their 10-day moving average of $88.03 on a volume of 202K 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 $97.99 and a 52-week low of $38.71 and are now trading 127% above that low price at $87.76 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for Cognex Corp and will alert subscribers who have CGNX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cognex corp

Ticker(s): CGNX