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Irobot Corp Bearish Moving Average Crossover Alert (IRBT)

By David Diaz

Irobot Corp (NASDAQ:IRBT) crossed under its 10-day moving average of $63.40 on a volume of 107K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Irobot Corp share prices have moved between a 52-week high of $132.88 and a 52-week low of $56.61 and are now trading 11% above that low price at $62.62 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.5% while the 200-day MA has slid 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Irobot Corp on April 24th, 2019 by issuing a Downtrend alert when the shares were trading at $104.75. Since that call, shares of Irobot Corp have fallen 39.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses irobot corp

Ticker(s): IRBT