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Accuray Inc Breaks Below 200-Day Moving Average - Bearish for ARAY

By Market News Video Staff, Tuesday, July 26, 1:10 PM ET
Play Video: Learn About The 200 DMA

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In trading on Tuesday, shares of Accuray Inc (NASDAQ:ARAY) crossed below their 200 day moving average of $7.81, changing hands as low as $7.57 per share. Accuray Inc shares are currently trading down about 9.2% on the day. The chart below shows the one year performance of ARAY shares, versus its 200 day moving average:

Accuray Inc  200 Day Moving Average Chart

Looking at the chart above, ARAY's low point in its 52 week range is $5.85 per share, with $11.16 as the 52 week high point that compares with a last trade of $7.67.

ARAY operates in the Medical Instruments & Supplies sector, among companies like Baxter International Inc. (NYSE:BAX) which is down about 1.1% today, and Medtronic, Inc. (NYSE:MDT) trading lower by about 0.2%. Below is a three month price history chart comparing the stock performance of ARAY, versus BAX and MDT.

ARAY,BAX,MDT Relative Performance Chart


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