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Inphi Corp Bearish Moving Average Crossover Alert (IPHI)

By Amy Schwartz

Inphi Corp (NYSE:IPHI) shares have crossed bearishly below their 10-day moving average of $34.22 on a volume of 474K 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 $44.32 and are now at $32.54, which is 38% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.

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

Keywords: moving crosses inphi corp

Ticker(s): IPHI