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Ringcentral In-A Crosses Above its 10-day MA (RNG)

By Nick Russo

Ringcentral In-A (NYSE:RNG) crossed over its 10-day moving average of $139.21 on a volume of 349K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Ringcentral In-A share prices have moved between a 52-week high of $146.38 and a 52-week low of $64.41 and are now trading 119% above that low price at $141.10 per share. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Ringcentral In-A on July 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.57. Since that recommendation, shares of Ringcentral In-A have risen 14.1%. We continue to monitor RNG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ringcentral in-a

Ticker(s): RNG