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Fortinet Crosses Above its 10-day MA (FTNT)

By David Diaz

Fortinet (NASDAQ:FTNT) crossed over its 10-day moving average of $32.33 on a volume of 225K 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.

Over the past year, Fortinet has traded in a range of $23.16 to $50.31 and is now at $32.54, 41% above that low. The 200-day and 50-day moving averages have moved 0.59% lower and 1.55% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Fortinet on February 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.58. Since that recommendation, shares of Fortinet have risen 16.8%. We continue to monitor FTNT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses fortinet

Ticker(s): FTNT