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Finisar Corp Bearish Moving Average Crossover Alert (FNSR)

By Nick Russo

Today, shares of Finisar Corp (NASDAQ:FNSR) have crossed bearishly below their 10-day moving average of $24.29 on a volume of 1.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Finisar Corp have traded between a low of $16.73 and a high of $36.85 and are now at $23.89, which is 43% 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 advanced 1.0%.

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

Keywords: moving crosses finisar corp

Ticker(s): FNSR