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Splunk Inc Crosses Below its 10-day MA (SPLK)

By David Diaz

Splunk Inc (NASDAQ:SPLK) shares have crossed bearishly below their 10-day moving average of $131.67 on a volume of 218K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Splunk Inc have traded between a low of $83.69 and a high of $143.70 and are now at $130.55, which is 56% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

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

Keywords: moving crosses splunk inc

Ticker(s): SPLK