Rovi Bullish Moving Average Crossover Alert (ROVI)
Rovi (NASDAQ:ROVI) crossed over its 10-day moving average of $20.08 on a volume of 707K 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.
Over the past year, Rovi has traded in a range of $8.01 to $60.84 and is now at $20.96, 162% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 2.5%.
SmarTrend recommended that subscribers consider buying shares of Rovi on July 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.38. Since that recommendation, shares of Rovi have risen 7.0%. We continue to monitor ROVI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses