Akorn Bullish Moving Average Crossover Alert (AKRX)
Akorn (NASDAQ:AKRX) crossed over its 10-day moving average of $28.08 on a volume of 345K 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, shares of Akorn have traded between a low of $17.57 and a high of $48.53 and are now at $28.21, which is 61% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.2%.
SmarTrend recommended that its subscribers protect gains by selling shares of Akorn on August 16th, 2016 by issuing a Downtrend alert when the shares were trading at $30.13. Since that call, shares of Akorn have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses akorn