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

By Shiri Gupta

Today, shares of Manhattan Associates (NASDAQ:MANH) have crossed bearishly below their 10-day moving average of $49.48 on a volume of 992K 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.

In the past 52 weeks, Manhattan Associates share prices have been bracketed by a low of $28.24 and a high of $126.27 and are now at $48.00, 70% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

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