Jack Henry & Associates Bearish Moving Average Crossover Alert (JKHY)
Today, shares of Jack Henry & Associates (NASDAQ: JKHY) have crossed bearishly below their 10-day moving average of $22.30 on volume of 186 thousand shares.
This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation.
SmarTrend issued a Downtrend Alert for Jack Henry & Associates on November 03, 2009 at $22.94. In approximately 3 months, Jack Henry & Associates has returned 3.6% as of today's recent price of $22.12.
We will continue to monitor JKHY's share price relative to this moving average.
Write to Chip Brian at cbrian@tradethetrend.com
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