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Stratasys Ltd Crosses Below its 10-day MA (SSYS)

By James Quinn

Stratasys Ltd (NASDAQ:SSYS) crossed under its 10-day moving average of $29.02 on a volume of 173K 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.

Stratasys Ltd share prices have moved between a 52-week high of $30.60 and a 52-week low of $17.06 and are now trading 69% above that low price at $28.85 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Stratasys Ltd on June 24th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.76. Since that recommendation, shares of Stratasys Ltd have risen 19.1%. We continue to monitor SSYS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses stratasys ltd

Ticker(s): SSYS