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

By Amy Schwartz

Today, shares of Fortinet Inc (NASDAQ:FTNT) have crossed bearishly below their 10-day moving average of $81.78 on a volume of 123K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Fortinet Inc share prices have been bracketed by a low of $58.10 and a high of $96.96 and are now at $81.47, 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.5%.

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

Keywords: moving crosses Fortinet Inc

Ticker(s): FTNT