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Finisar Corp Crosses Above its 10-day MA (FNSR)

By James Quinn

Finisar Corp (NASDAQ:FNSR) crossed over its 10-day moving average of $16.73 on a volume of 1.2 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Finisar Corp has traded in a range of $14.25 to $28.99 and is now at $17.06, 20% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.6% while the 200-day MA has slid 1.3%.

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