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Electronics for Imaging Bearish Moving Average Crossover Alert (EFII)

By James Quinn

Today, shares of Electronics for Imaging (NASDAQ:EFII) have crossed bearishly below their 10-day moving average of $45.26 on a volume of 440K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Electronics for Imaging has traded in a range of $35.88 to $49.82 and is now at $43.89, 22% above that low. The 200-day and 50-day moving averages have moved 0.24% lower and 0.07% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Electronics for Imaging on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.63. Since that recommendation, shares of Electronics for Imaging have risen 4.3%. We continue to monitor EFII for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses electronics for imaging

Ticker(s): EFII