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

By James Quinn

Today, shares of Splunk Inc (NASDAQ:SPLK) have crossed bullishly above their 10-day moving average of $120.81 on a volume of 213K 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, Splunk Inc has traded in a range of $93.92 to $176.31 and is now at $123.11, 31% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.2%.

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

Keywords: moving crosses splunk inc

Ticker(s): SPLK