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Acceleron Pharma Crosses Above its 10-day MA (XLRN)

By Nick Russo

Acceleron Pharma (NASDAQ:XLRN) crossed over its 10-day moving average of $35.44 on a volume of 157K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Acceleron Pharma share prices have been bracketed by a low of $23.07 and a high of $46.93 and are now at $35.58, 54% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Acceleron Pharma on April 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $38.76. Since that call, shares of Acceleron Pharma have fallen 10.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses acceleron pharma

Ticker(s): XLRN