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Sierra Wireless Crosses Above its 10-day MA (SWIR)

By Amy Schwartz

Sierra Wireless (NASDAQ:SWIR) crossed over its 10-day moving average of $15.89 on a volume of 688K 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, Sierra Wireless has traded in a range of $9.69 to $38.85 and is now at $17.37, 79% above that low. The 200-day and 50-day moving averages have moved 1.14% lower and 1.85% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Sierra Wireless on February 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.23. Since that recommendation, shares of Sierra Wireless have risen 10.3%. We continue to monitor SWIR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sierra wireless

Ticker(s): SWIR