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Cyrusone Inc Crosses Below its 10-day MA (CONE)

By James Quinn

Cyrusone Inc (NASDAQ:CONE) crossed under its 10-day moving average of $72.86 on a volume of 149K 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.

In the past 52 weeks, shares of Cyrusone Inc have traded between a low of $48.94 and a high of $74.60 and are now at $71.60, which is 46% above that low price. The 200-day and 50-day moving averages have moved 0.69% higher and 1.99% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Cyrusone Inc on August 2nd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $62.80. Since that recommendation, shares of Cyrusone Inc have risen 17.7%. We continue to monitor CONE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cyrusone inc

Ticker(s): CONE