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Fortinet Inc Crosses Above its 10-day MA (FTNT)

By James Quinn

Fortinet Inc (NASDAQ:FTNT) shares have crossed bullishly above their 10-day moving average of $79.09 on a volume of 229K 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.

Fortinet Inc share prices have moved between a 52-week high of $96.96 and a 52-week low of $64.41 and are now trading 24% above that low price at $79.57 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Fortinet Inc on July 31st, 2019 by issuing a Downtrend alert when the shares were trading at $80.96. Since that call, shares of Fortinet Inc have fallen 3.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Fortinet Inc

Ticker(s): FTNT