• Return to Headlines

Alkermes Crosses Above its 10-day MA (ALKS)

By Shiri Gupta

Alkermes (NASDAQ:ALKS) crossed over its 10-day moving average of $57.95 on a volume of 105K 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 115% above that low price at $58.28 per share. Over the past week, 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 54.8%. We continue to monitor ALKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Alkermes

Ticker(s): ALKS