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Abiomed Inc Crosses Above its 10-day MA (ABMD)

By Nick Russo

Abiomed Inc (NASDAQ:ABMD) shares have crossed bullishly above their 10-day moving average of $264.43 on a volume of 127K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Abiomed Inc has traded in a range of $228.00 to $459.75 and is now at $266.10, 17% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.6%.

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