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Stratasys Crosses Below its 10-day MA (SSYS)

By James Quinn

Today, shares of Stratasys (NASDAQ:SSYS) have fallen below their 10-day MA of $22.60 on a volume of 219K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Stratasys has traded in a range of $14.48 to $39.45 and is now at $22.30, 54% above that low. The 200-day and 50-day moving averages have moved 0.84% lower and 1.43% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Stratasys on May 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $24.01. Since that call, shares of Stratasys have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses stratasys

Ticker(s): SSYS