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Match Group Inc Crosses Below its 10-day MA (MTCH)

By Shiri Gupta

Today, shares of Match Group Inc (NASDAQ:MTCH) have fallen below their 10-day MA of $54.02 on a volume of 119K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Match Group Inc share prices have been bracketed by a low of $30.85 and a high of $60.95 and are now at $53.78, 74% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.8%.

SmarTrend recommended that subscribers consider buying shares of Match Group Inc on December 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.41. Since that recommendation, shares of Match Group Inc have risen 27.7%. We continue to monitor MTCH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses match group inc

Ticker(s): MTCH