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Globant Sa Crosses Below its 10-day MA (GLOB)

By David Diaz

Globant Sa (NYSE:GLOB) shares have crossed bearishly below their 10-day moving average of $55.08 on a volume of 196K 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, Globant Sa share prices have been bracketed by a low of $34.82 and a high of $57.57 and are now at $54.19, 56% above that low price. The 200-day and 50-day moving averages have moved 0.60% higher and 1.14% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Globant Sa on May 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.52. Since that recommendation, shares of Globant Sa have risen 19.9%. We continue to monitor GLOB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses globant sa

Ticker(s): GLOB