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Gartner Inc Bearish Moving Average Crossover Alert (IT)

By Shiri Gupta

Gartner Inc (NYSE:IT) crossed under its 10-day moving average of $158.47 on a volume of 152K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Gartner Inc have traded between a low of $120.89 and a high of $161.85 and are now at $155.68, which is 29% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Gartner Inc on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $130.57. Since that recommendation, shares of Gartner Inc have risen 23.7%. We continue to monitor IT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses gartner inc

Ticker(s): IT