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Elec For Imaging Bullish Moving Average Crossover Alert (EFII)

By Shiri Gupta

Elec For Imaging (NASDAQ:EFII) shares have crossed bullishly above their 10-day moving average of $28.51 on a volume of 175K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Elec For Imaging have traded between a low of $25.28 and a high of $51.15 and are now at $29.24, which is 16% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Elec For Imaging on October 27th, 2017 by issuing a Downtrend alert when the shares were trading at $30.62. Since that call, shares of Elec For Imaging have fallen 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses elec for imaging

Ticker(s): EFII