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

By David Diaz

Abiomed Inc (NASDAQ:ABMD) crossed over its 10-day moving average of $192.62 on a volume of 116K shares. Swing traders may find 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 $459.75 and a 52-week low of $183.69 and are now trading 7% above that low price at $197.23 per share. The 200-day and 50-day moving averages have moved 0.68% lower and 1.83% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Abiomed Inc on August 1st, 2019 by issuing a Downtrend alert when the shares were trading at $211.40. Since that call, shares of Abiomed Inc have fallen 9.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses abiomed inc

Ticker(s): ABMD