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Akorn Inc Crosses Below its 10-day MA (AKRX)

By James Quinn

Akorn Inc (NASDAQ:AKRX) shares have crossed bearishly below their 10-day moving average of $17.38 on a volume of 1.1 million 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, Akorn Inc share prices have been bracketed by a low of $10.76 and a high of $33.73 and are now at $16.99, 58% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 1.6%.

SmarTrend is tracking the current trend status for Akorn Inc and will alert subscribers who have AKRX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses akorn inc

Ticker(s): AKRX