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Rapid7 Inc Bearish Moving Average Crossover Alert (RPD)

By Shiri Gupta

Rapid7 Inc (NASDAQ:RPD) shares have crossed bearishly below their 10-day moving average of $27.03 on a volume of 589K 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, Rapid7 Inc has traded in a range of $10.63 to $28.18 and is now at $26.26, 147% above that low. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.3%.

SmarTrend recommended that subscribers consider buying shares of Rapid7 Inc on September 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.05. Since that recommendation, shares of Rapid7 Inc have risen 61.5%. We continue to monitor RPD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses rapid7 inc

Ticker(s): RPD