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Infinera Corp Bullish Moving Average Crossover Alert (INFN)

By Nick Russo

Infinera Corp (NASDAQ:INFN) crossed over its 10-day moving average of $7.13 on a volume of 869K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Infinera Corp share prices have moved between a 52-week high of $13.24 and a 52-week low of $6.10 and are now trading 19% above that low price at $7.26 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Infinera Corp on May 29th, 2018 by issuing a Downtrend alert when the shares were trading at $9.24. Since that call, shares of Infinera Corp have fallen 24.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses infinera corp

Ticker(s): INFN