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SAIFUN SEMICONDUCTOR Bullish Moving Average Crossover Alert (SFUN)

By James Quinn

Today, shares of SAIFUN SEMICONDUCTOR (NYSE:SFUN) have advanced above their 10-day MA of $5.48 on a volume of 1.9 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, SAIFUN SEMICONDUCTOR share prices have been bracketed by a low of $4.37 and a high of $10.01 and are now at $5.58, 28% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.1%.

SmarTrend is tracking the current trend status for SAIFUN SEMICONDUCTOR and will alert subscribers who have SFUN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses saifun semiconductor

Ticker(s): SFUN