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Manhattan Associates Crosses Below its 10-day MA (MANH)

By Shiri Gupta

Today, shares of Manhattan Associates (NASDAQ:MANH) have fallen below their 10-day MA of $64.60 on a volume of 757K 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.

Manhattan Associates share prices have moved between a 52-week high of $126.27 and a 52-week low of $28.24 and are now trading 123% above that low price at $62.97 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

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

Keywords: moving crosses manhattan associates

Ticker(s): MANH