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Plantronics Crosses Above its 10-day MA (PLT)

By James Quinn

Plantronics (NYSE:PLT) shares have crossed bullishly above their 10-day moving average of $39.57 on a volume of 517K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Plantronics share prices have moved between a 52-week high of $58.73 and a 52-week low of $32.13 and are now trading 44% above that low price at $46.21 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Plantronics on November 6th, 2015 by issuing a Downtrend alert when the shares were trading at $50.92. Since that call, shares of Plantronics have fallen 23.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses plantronics

Ticker(s): PLT