Open Text Shares Fall Below 200-Day Moving Average

Open Text Corp (OTEX) shares crossed below their 200-day moving average of $28.41, trading as low as $28.37 per share. This is a significant drop, as shares are currently down about 3.5% on the day. The 52-week range for OTEX is between $22.79 and $34.20, with the last trade being $28.38.

Open Text Corp (OTEX) shares experienced a notable decline on Friday, crossing below their 200-day moving average of $28.41 and trading as low as $28.37 per share. This significant drop equates to a 3.5% decrease in share value on the day. The 52-week range for OTEX remains between $22.79 and $34.20, with the most recent trade occurring at $28.38 [1].

The move below the 200-day moving average (200 DMA) is a technical indicator often used by traders to gauge the overall trend of a stock. When a stock crosses below its 200 DMA, it can signal a potential change in the stock's direction, often indicating a bearish trend. However, it is important to note that this is a technical signal and should be considered alongside other forms of analysis [2].

Tempus AI Inc (TEM) also crossed below its 200 DMA on Friday, trading at $53.39 per share and down about 4.1% on the day. The 52-week range for TEM is between $31.36 and $91.45, with the last trade at $54.54 [2].

Investors should closely monitor the performance of these stocks and consider the broader market conditions when making investment decisions. The 200 DMA is a useful tool, but it should be used in conjunction with other forms of analysis to gain a comprehensive understanding of a stock's potential [3].

References:
[1] https://www.nasdaq.com/articles/open-text-shares-cross-below-200-dma
[2] https://www.nasdaq.com/articles/tempus-ai-breaks-below-200-day-moving-average-notable-tem
[3] https://www.dividendchannel.com/article/202508/open-text-otex-shares-cross-below-200-dma-otex-OTEX08012025.htm/