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Fabrinet Crosses Above its 10-day MA (FN)

By Amy Schwartz

Today, shares of Fabrinet (NYSE:FN) have crossed bullishly above their 10-day moving average of $48.89 on a volume of 171K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Fabrinet share prices have moved between a 52-week high of $62.31 and a 52-week low of $35.02 and are now trading 40% above that low price at $49.13 per share. The 200-day and 50-day moving averages have moved 0.06% higher and 1.08% lower over the past week, respectively.

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

Keywords: moving crosses fabrinet

Ticker(s): FN