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Cray Crosses Above its 10-day MA (CRAY)

By David Diaz

Cray (NASDAQ:CRAY) crossed over its 10-day moving average of $22.86 on a volume of 565K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Cray share prices have moved between a 52-week high of $43.79 and a 52-week low of $18.00 and are now trading 32% above that low price at $23.83 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Cray on May 4th, 2016 by issuing a Downtrend alert when the shares were trading at $30.66. Since that call, shares of Cray have fallen 26.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses

Ticker(s): CRAY