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Stamps.Com Inc Bearish Moving Average Crossover Alert (STMP)

By Amy Schwartz

Today, shares of Stamps.Com Inc (NASDAQ:STMP) have crossed bearishly below their 10-day moving average of $47.15 on a volume of 314K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Stamps.Com Inc share prices have moved between a 52-week high of $284.45 and a 52-week low of $32.54 and are now trading 38% above that low price at $44.77 per share. Over the past week, the 200-day moving average (MA) has gone down 2.2% while the 50-day MA has declined 5%.

SmarTrend recommended that subscribers consider buying shares of Stamps.Com Inc on June 28th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.25. Since that recommendation, shares of Stamps.Com Inc have risen 7.6%. We continue to monitor STMP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses stamps.com inc

Ticker(s): STMP