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Acorda Therapeutics Bearish Moving Average Crossover Alert (ACOR)

By Nick Russo

Acorda Therapeutics (NASDAQ:ACOR) shares have crossed bearishly below their 10-day moving average of $16.23 on a volume of 260K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Acorda Therapeutics share prices have been bracketed by a current low of $15.50 and a high of $43.63 and are now at $15.90. The 200-day and 50-day moving averages have moved 0.53% lower and 2.2% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Acorda Therapeutics on March 24th, 2017 by issuing a Downtrend alert when the shares were trading at $25.35. Since that call, shares of Acorda Therapeutics have fallen 34.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses acorda therapeutics

Ticker(s): ACOR