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Open Text Bullish Moving Average Crossover Alert (OTEX)

By David Diaz

Today, shares of Open Text (NASDAQ:OTEX) have advanced above their 10-day MA of $54.92 on a volume of 382K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Open Text share prices have been bracketed by a low of $36.65 and a high of $104.56 and are now at $55.40, 51% above that low price. The 200-day and 50-day moving averages have moved 0.49% higher and 0.80% higher over the past week, respectively.

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

Keywords: moving crosses open text

Ticker(s): OTEX