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Frontier Communi Bearish Moving Average Crossover Alert (FTR)

By Shiri Gupta

Frontier Communi (NASDAQ:FTR) shares have crossed bearishly below their 10-day moving average of $9.29 on a volume of 1.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Frontier Communi share prices have moved between a 52-week high of $18.21 and a 52-week low of $1.03 and are now trading 787% above that low price at $9.14 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Frontier Communi on April 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.67. Since that recommendation, shares of Frontier Communi have risen 9.9%. We continue to monitor FTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses frontier communi

Ticker(s): FTR