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Imax Crosses Below its 10-day MA (IMAX)

By Shiri Gupta

Today, shares of Imax (NASDAQ:IMAX) have fallen below their 10-day MA of $30.59 on a volume of 162K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Imax has traded in a range of $12.57 to $43.80 and is now at $30.42, 142% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Imax and will alert subscribers who have IMAX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses

Ticker(s): IMAX