Zagg Crosses Above its 10-day MA (ZAGG)
Today, shares of Zagg (NASDAQ:ZAGG) have advanced above their 10-day MA of $6.58 on a volume of 936K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Zagg have traded between a low of $3.58 and a high of $17.10 and are now at $7.14, which is 99% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2%.
SmarTrend recommended that subscribers consider buying shares of Zagg on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.15. Since that recommendation, shares of Zagg have risen 3.4%. We continue to monitor ZAGG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses