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FormFactor Crosses Above its 10-day MA (FORM)

By Shiri Gupta

FormFactor (NASDAQ:FORM) shares have crossed bullishly above their 10-day moving average of $9.68 on a volume of 198K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

FormFactor share prices have moved between a 52-week high of $10.14 and a 52-week low of $5.66 and are now trading 75% above that low price at $9.88 per share. The 200-day and 50-day moving averages have moved 0.03% lower and 0.08% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of FormFactor on June 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.58. Since that recommendation, shares of FormFactor have risen 24.1%. We continue to monitor FORM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses FormFactor

Ticker(s): FORM