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Copart Inc Bearish Moving Average Crossover Alert (CPRT)

By Shiri Gupta

Today, shares of Copart Inc (NASDAQ:CPRT) have crossed bearishly below their 10-day moving average of $75.56 on a volume of 119K 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, Copart Inc has traded in a range of $44.61 to $79.74 and is now at $74.61, 67% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.2%.

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

Keywords: moving crosses copart inc

Ticker(s): CPRT