Alkermes Bullish Moving Average Crossover Alert (ALKS)
Alkermes (NASDAQ:ALKS) shares have crossed bullishly above their 10-day moving average of $44.96 on a volume of 6.9 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Alkermes share prices have moved between a 52-week high of $80.71 and a 52-week low of $27.14 and are now trading 108% above that low price at $56.39 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 1.1%.
SmarTrend recommended that subscribers consider buying shares of Alkermes on April 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.32. Since that recommendation, shares of Alkermes have risen 16.6%. We continue to monitor ALKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Alkermes