• Return to Headlines

Progress Software Crosses Above its 10-day MA (PRGS)

By David Diaz

Progress Software (NASDAQ:PRGS) shares have crossed bullishly above their 10-day moving average of $25.74 on a volume of 181K 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.

Progress Software share prices have moved between a 52-week high of $30.57 and a 52-week low of $21.94 and are now trading 21% above that low price at $26.44 per share. The 200-day and 50-day moving averages have moved 0.38% lower and 0.17% higher over the past week, respectively.

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

Keywords: moving crosses progress software

Ticker(s): PRGS