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Electro Sci Inds Crosses Below its 10-day MA (ESIO)

By Shiri Gupta

Electro Sci Inds (NASDAQ:ESIO) crossed under its 10-day moving average of $19.27 on a volume of 161K 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 Electro Sci Inds have traded between a low of $4.50 and a high of $27.72 and are now at $18.78, which is 317% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Electro Sci Inds and will alert subscribers who have ESIO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses electro sci inds

Ticker(s): ESIO