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Sunpower Corp Crosses Below its 10-day MA (SPWR)

By Shiri Gupta

Sunpower Corp (NASDAQ:SPWR) shares have crossed bearishly below their 10-day moving average of $8.81 on a volume of 199K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Sunpower Corp has traded in a range of $5.84 to $16.41 and is now at $8.68, 49% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 0.7%.

SmarTrend recommended that subscribers consider buying shares of Sunpower Corp on March 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.11. Since that recommendation, shares of Sunpower Corp have risen 10.2%. We continue to monitor SPWR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sunpower corp

Ticker(s): SPWR