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Jack Henry Bearish Moving Average Crossover Alert (JKHY)

By David Diaz

Today, shares of Jack Henry (NASDAQ:JKHY) have crossed bearishly below their 10-day moving average of $105.73 on a volume of 451K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Jack Henry has traded in a range of $79.00 to $109.67 and is now at $101.16, 28% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Jack Henry on April 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.88. Since that recommendation, shares of Jack Henry have risen 12.3%. We continue to monitor JKHY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses jack henry

Ticker(s): JKHY