Cypress Semiconductor Bullish Moving Average Crossover Alert (CY)
Cypress Semiconductor (NYSE:CY) shares have crossed bullishly above their 10-day moving average of $11.23 on a volume of 749K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Cypress Semiconductor share prices have been bracketed by a low of $6.30 and a high of $14.19 and are now at $11.35, 80% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.7%.
SmarTrend is tracking the current trend status for Cypress Semiconductor and will alert subscribers who have CY in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses cypress semiconductor