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Splunk Inc Crosses Above its 10-day MA (SPLK)

By Nick Russo

Today, shares of Splunk Inc (NASDAQ:SPLK) have crossed bullishly above their 10-day moving average of $135.20 on a volume of 121K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Splunk Inc share prices have moved between a 52-week high of $143.70 and a 52-week low of $83.69 and are now trading 62% above that low price at $135.80 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Splunk Inc and will alert subscribers who have SPLK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses splunk inc

Ticker(s): SPLK