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

By David Diaz

Abiomed Inc (NASDAQ:ABMD) shares have crossed bullishly above their 10-day moving average of $408.02 on a volume of 263K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Abiomed Inc share prices have moved between a 52-week high of $450.93 and a 52-week low of $140.00 and are now trading 194% above that low price at $411.23 per share. The 200-day and 50-day moving averages have moved 1.38% higher and 1.60% higher over the past week, respectively.

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