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Fortinet Crosses Above its 10-day MA (FTNT)

By Shiri Gupta

Today, shares of Fortinet (NASDAQ:FTNT) have advanced above their 10-day MA of $33.29 on a volume of 579K 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.

In the past 52 weeks, Fortinet share prices have been bracketed by a low of $23.16 and a high of $50.31 and are now at $33.60, 45% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.5%.

SmarTrend is tracking the current trend status for Fortinet and will alert subscribers who have FTNT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses fortinet

Ticker(s): FTNT