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Hortonworks Inc Bearish Moving Average Crossover Alert (HDP)

By Nick Russo

Hortonworks Inc (NASDAQ:HDP) crossed under its 10-day moving average of $23.55 on a volume of 153K 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, shares of Hortonworks Inc have traded between a low of $6.42 and a high of $26.22 and are now at $23.45, which is 265% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Hortonworks Inc on August 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.12. Since that recommendation, shares of Hortonworks Inc have risen 18.0%. We continue to monitor HDP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses hortonworks inc

Ticker(s): HDP