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Ii-Vi Inc Bearish Moving Average Crossover Alert (IIVI)

By Amy Schwartz

Ii-Vi Inc (NASDAQ:IIVI) shares have crossed bearishly below their 10-day moving average of $47.29 on a volume of 133K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Ii-Vi Inc has traded in a range of $17.76 to $53.08 and is now at $44.90, 153% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Ii-Vi Inc on May 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.47. Since that recommendation, shares of Ii-Vi Inc have risen 6.6%. We continue to monitor IIVI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ii-vi inc

Ticker(s): IIVI