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

By Nick Russo

Today, shares of Finisar Corp (NASDAQ:FNSR) have crossed bearishly below their 10-day moving average of $22.73 on a volume of 205K 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 $15.81 and a high of $24.77 and are now at $22.57, which is 43% above that low price. The 200-day and 50-day moving averages have moved 0.56% higher and 0.36% higher over the past week, respectively.

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