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Proofpoint Inc Bullish Moving Average Crossover Alert (PFPT)

By Nick Russo

Proofpoint Inc (NASDAQ:PFPT) shares have crossed bullishly above their 10-day moving average of $98.54 on a volume of 291K 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.

Over the past year, Proofpoint Inc has traded in a range of $82.60 to $130.27 and is now at $101.09, 22% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.3%.

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