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Ii-Vi Inc Crosses Below its 10-day MA (IIVI)

By Nick Russo

Ii-Vi Inc (NASDAQ:IIVI) shares have crossed bearishly below their 10-day moving average of $39.42 on a volume of 160K shares. Swing traders may find an opportunity 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 $29.31 to $53.08 and is now at $38.93, 33% above that low. The 200-day and 50-day moving averages have moved 0.28% lower and 0.09% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Ii-Vi Inc and will alert subscribers who have IIVI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ii-vi inc

Ticker(s): IIVI