• Return to Headlines

Acorda Therapeut Crosses Above its 10-day MA (ACOR)

By James Quinn

Today, shares of Acorda Therapeut (NASDAQ:ACOR) have advanced above their 10-day MA of $23.95 on a volume of 202K 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.

In the past 52 weeks, shares of Acorda Therapeut have traded between a low of $13.60 and a high of $29.60 and are now at $24.85, which is 83% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend recommended that subscribers consider buying shares of Acorda Therapeut on December 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.40. Since that recommendation, shares of Acorda Therapeut have risen 5.1%. We continue to monitor ACOR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses acorda therapeut

Ticker(s): ACOR