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Acadia Pharmaceuticals Crosses Below its 10-day MA (ACAD)

By David Diaz

Today, shares of Acadia Pharmaceuticals (NASDAQ:ACAD) have crossed bearishly below their 10-day moving average of $38.46 on a volume of 912K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Acadia Pharmaceuticals has traded in a range of $16.64 to $51.99 and is now at $38.21, 130% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.1% while the 200-day MA has slid 1.2%.

SmarTrend recommended that subscribers consider buying shares of Acadia Pharmaceuticals on May 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.51. Since that recommendation, shares of Acadia Pharmaceuticals have risen 18.2%. We continue to monitor ACAD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses acadia pharmaceuticals

Ticker(s): ACAD