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Inphi Corp Bearish Moving Average Crossover Alert (IPHI)

By James Quinn

Inphi Corp (NYSE:IPHI) crossed under its 10-day moving average of $30.71 on a volume of 404K 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 Inphi Corp have traded between a low of $23.65 and a high of $51.78 and are now at $29.69, which is 26% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Inphi Corp on March 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.38. Since that recommendation, shares of Inphi Corp have risen 11.5%. We continue to monitor IPHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses inphi corp

Ticker(s): IPHI