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Finisar Crosses Above its 10-day MA (FNSR)

By Amy Schwartz

Today, shares of Finisar (NASDAQ:FNSR) have advanced above their 10-day MA of $25.87 on a volume of 6.5 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.

Finisar share prices have moved between a 52-week high of $36.85 and a 52-week low of $10.66 and are now trading 165% above that low price at $28.20 per share. Over the last five market days, 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