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Fireeye Inc Crosses Below its 10-day MA (FEYE)

By James Quinn

Fireeye Inc (NASDAQ:FEYE) crossed under its 10-day moving average of $17.61 on a volume of 1.4 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Fireeye Inc have traded between a low of $10.35 and a high of $19.36 and are now at $17.20, which is 66% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has declined 1.3%.

SmarTrend recommended that subscribers consider buying shares of Fireeye Inc on January 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.63. Since that recommendation, shares of Fireeye Inc have risen 14.2%. We continue to monitor FEYE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses fireeye inc

Ticker(s): FEYE