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Imax Bearish Moving Average Crossover Alert (IMAX)

By Nick Russo

Imax (NASDAQ:IMAX) crossed under its 10-day moving average of $30.65 on a volume of 134K 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 Imax have traded between a low of $12.57 and a high of $43.80 and are now at $30.40, which is 142% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.3%.

SmarTrend is monitoring the recent change of momentum in Imax. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Imax in search of a potential trend change.

Keywords: moving crosses

Ticker(s): IMAX