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Alkermes Crosses Above its 10-day MA (ALKS)

By Nick Russo

Today, shares of Alkermes (NASDAQ:ALKS) have advanced above their 10-day MA of $42.12 on a volume of 169K 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.

Over the past year, Alkermes has traded in a range of $27.14 to $80.71 and is now at $42.62, 57% above that low. 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 7.2%. 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