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Infosys Technologies Crosses Above its 10-day MA (INFY)

By James Quinn

Today, shares of Infosys Technologies (NASDAQ:INFY) have advanced above their 10-day MA of $16.10 on a volume of 1.6 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Infosys Technologies share prices have been bracketed by a low of $15.32 and a high of $70.36 and are now at $16.25, 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Infosys Technologies on December 8th, 2014 by issuing a Downtrend alert when the shares were trading at $32.28. Since that call, shares of Infosys Technologies have fallen 51.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses infosys technologies

Ticker(s): INFY