• Return to Headlines

Korn/Ferry International Crosses Below its 10-day MA (KFY)

By Amy Schwartz

Korn/Ferry International (NYSE:KFY) crossed under its 10-day moving average of $32.84 on a volume of 125K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Korn/Ferry International has traded in a range of $18.57 to $38.93 and is now at $32.63, 76% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.3%.

SmarTrend recommended that subscribers consider buying shares of Korn/Ferry International on November 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.51. Since that recommendation, shares of Korn/Ferry International have risen 40.2%. We continue to monitor KFY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses korn/ferry international

Ticker(s): KFY