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

By David Diaz

Ii-Vi Inc (NASDAQ:IIVI) shares have crossed bearishly below their 10-day moving average of $47.40 on a volume of 218K 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.

In the past 52 weeks, shares of Ii-Vi Inc have traded between a low of $17.76 and a high of $53.08 and are now at $47.00, which is 165% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Ii-Vi Inc on August 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.75. Since that recommendation, shares of Ii-Vi Inc have risen 6.8%. 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