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Irobot Corp Crosses Above its 10-day MA (IRBT)

By James Quinn

Irobot Corp (NASDAQ:IRBT) shares have crossed bullishly above their 10-day moving average of $89.54 on a volume of 166K 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, shares of Irobot Corp have traded between a low of $56.61 and a high of $132.88 and are now at $92.26, which is 63% above that low price. The 200-day and 50-day moving averages have moved 0.22% lower and 1.59% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Irobot Corp on April 24th, 2019 by issuing a Downtrend alert when the shares were trading at $104.75. Since that call, shares of Irobot Corp have fallen 14.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses irobot corp

Ticker(s): IRBT