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Equinix Crosses Below its 10-day MA (EQIX)

By Amy Schwartz

Equinix (NASDAQ:EQIX) shares have crossed bearishly below their 10-day moving average of $371.50 on a volume of 170K 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 Equinix have traded between a low of $225.02 and a high of $378.31 and are now at $370.12, which is 64% above that low price. The 200-day and 50-day moving averages have moved 0.45% higher and 0.92% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Equinix on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $301.50. Since that recommendation, shares of Equinix have risen 25.2%. We continue to monitor EQIX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses equinix

Ticker(s): EQIX