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Adamas Pharmaceu Bearish Moving Average Crossover Alert (ADMS)

By Amy Schwartz

Today, shares of Adamas Pharmaceu (NASDAQ:ADMS) have fallen below their 10-day MA of $19.24 on a volume of 389K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Adamas Pharmaceu have traded between the current low of $16.98 and a high of $44.00 and are now at $17.06. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.7% while the 200-day MA has slid 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Adamas Pharmaceu on June 15th, 2018 by issuing a Downtrend alert when the shares were trading at $26.70. Since that call, shares of Adamas Pharmaceu have fallen 27.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses adamas pharmaceu

Ticker(s): ADMS