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Proofpoint Inc Crosses Below its 10-day MA (PFPT)

By Shiri Gupta

Today, shares of Proofpoint Inc (NASDAQ:PFPT) have crossed bearishly below their 10-day moving average of $116.31 on a volume of 168K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Proofpoint Inc has traded in a range of $75.92 to $132.63 and is now at $113.74, 50% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

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