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Sanmina-SCI Bearish Moving Average Crossover Alert (SANM)

By Shiri Gupta

Today, shares of Sanmina-SCI (NASDAQ:SANM) have crossed bearishly below their 10-day moving average of $28.59 on a volume of 136K 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, Sanmina-SCI has traded in a range of $16.31 to $29.17 and is now at $28.34, 74% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.4%.

SmarTrend is monitoring the recent change of momentum in Sanmina-SCI. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sanmina-SCI in search of a potential trend change.

Keywords: moving crosses sanmina-sci

Ticker(s): SANM