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Finisar Crosses Above its 10-day MA (FNSR)

By Nick Russo

Finisar (NASDAQ:FNSR) crossed over its 10-day moving average of $15.76 on a volume of 150K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Finisar have traded between a low of $10.66 and a high of $23.14 and are now at $15.87, which is 49% 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 monitoring the recent change of momentum in Finisar. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Finisar in search of a potential trend change.

Keywords: moving crosses finisar

Ticker(s): FNSR