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Proofpoint Inc Bearish Moving Average Crossover Alert (PFPT)

By James Quinn

Proofpoint Inc (NASDAQ:PFPT) shares have crossed bearishly below their 10-day moving average of $127.30 on a volume of 112K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Proofpoint Inc share prices have moved between a 52-week high of $133.58 and a 52-week low of $75.92 and are now trading 57% above that low price at $119.43 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.5%.

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

Keywords: moving crosses proofpoint inc

Ticker(s): PFPT