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Infinera Bearish Moving Average Crossover Alert (INFN)

By James Quinn

Today, shares of Infinera (NASDAQ:INFN) have fallen below their 10-day MA of $9.55 on a volume of 285K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Infinera share prices have been bracketed by a low of $4.33 and a high of $25.24 and are now at $9.41, 118% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.8%.

SmarTrend recommended that subscribers consider buying shares of Infinera on February 6th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.25. Since that recommendation, shares of Infinera have risen 4.5%. We continue to monitor INFN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Infinera

Ticker(s): INFN