Moving Average Crossover: Great News for Exfo Inc (EXFO)? - Tale of the Tape
January 31 2014 - 7:28AM
Zacks
Exfo Inc (EXFO) could be a stock
to avoid from a technical perspective, as the firm is seeing
unfavorable trends on the moving average crossover front. Recently,
the 50 Day Moving Average for EXFO broke out below the 200 Day
Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved
lower by 7.8% in the past four weeks. Plus, the company currently
has a Zacks Rank #4 (Sell) meaning that now could definitely be the
time to get out of this potentially in-trouble stock.
EXFO INC (EXFO): Free Stock Analysis Report
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