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Copart Inc Bullish Moving Average Crossover Alert (CPRT)

By James Quinn

Today, shares of Copart Inc (NASDAQ:CPRT) have advanced above their 10-day MA of $74.07 on a volume of 118K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Copart Inc share prices have been bracketed by a low of $44.61 and a high of $75.50 and are now at $74.28, 67% above that low price. The 200-day and 50-day moving averages have moved 0.34% higher and 1.17% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Copart Inc on February 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.68. Since that recommendation, shares of Copart Inc have risen 43.1%. We continue to monitor CPRT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses copart inc

Ticker(s): CPRT