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Rapid7 Inc Crosses Above its 10-day MA (RPD)

By Shiri Gupta

Rapid7 Inc (NASDAQ:RPD) crossed over its 10-day moving average of $53.22 on a volume of 382K 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, Rapid7 Inc has traded in a range of $25.41 to $57.00 and is now at $54.89, 116% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 1.2%.

SmarTrend recommended that subscribers consider buying shares of Rapid7 Inc on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.69. Since that recommendation, shares of Rapid7 Inc have risen 61.8%. 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