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Abiomed Inc Bearish Moving Average Crossover Alert (ABMD)

By David Diaz

Abiomed Inc (NASDAQ:ABMD) shares have crossed bearishly below their 10-day moving average of $260.18 on a volume of 102K 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.

In the past 52 weeks, Abiomed Inc share prices have been bracketed by a low of $228.00 and a high of $459.75 and are now at $258.85, 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has slid 0.7%.

SmarTrend is tracking the current trend status for Abiomed Inc and will alert subscribers who have ABMD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses abiomed inc

Ticker(s): ABMD