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Bullish Moving Average Cross by Euronet Worldwid (EEFT)

By Nick Russo

Euronet Worldwid (NASDAQ:EEFT) crossed over its 10-day moving average of $84.49 on a volume of 103K 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.

Over the past year, Euronet Worldwid has traded in a range of $61.27 to $171.25 and is now at $88.74, 45% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 6.6% while the 200-day MA has slid 1.4%.

SmarTrend is monitoring the recent change of momentum in Euronet Worldwid. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Euronet Worldwid in search of a potential trend change.

Keywords: moving crosses euronet worldwid

Ticker(s): EEFT