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Proofpoint Inc Bearish Moving Average Crossover Alert (PFPT)

By David Diaz

Today, shares of Proofpoint Inc (NASDAQ:PFPT) have fallen below their 10-day MA of $121.30 on a volume of 123K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Proofpoint Inc share prices have been bracketed by a low of $75.92 and a high of $130.27 and are now at $120.74, 59% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 2.55% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Proofpoint Inc on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $92.76. Since that recommendation, shares of Proofpoint Inc have risen 30.9%. We continue to monitor PFPT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses proofpoint inc

Ticker(s): PFPT