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Quality Systems Bearish Moving Average Crossover Alert (QSII)

By Nick Russo

Today, shares of Quality Systems (NASDAQ:QSII) have fallen below their 10-day MA of $12.61 on a volume of 259K 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.

Quality Systems share prices have moved between a 52-week high of $50.70 and a 52-week low of $11.10 and are now trading 7% above that low price at $11.86 per share. The 200-day and 50-day moving averages have moved 0.35% lower and 0.55% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Quality Systems on February 1st, 2016 by issuing a Downtrend alert when the shares were trading at $13.57. Since that call, shares of Quality Systems have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses quality systems

Ticker(s): QSII