• Return to Headlines

Fortinet Crosses Above its 10-day MA (FTNT)

By Amy Schwartz

Today, shares of Fortinet (NASDAQ:FTNT) have advanced above their 10-day MA of $36.06 on a volume of 320K 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, shares of Fortinet have traded between a low of $23.16 and a high of $50.31 and are now at $36.32, which is 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.6%.

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