Alkermes Crosses Below its 10-day MA (ALKS)
Today, shares of Alkermes (NASDAQ:ALKS) have fallen below their 10-day MA of $41.26 on a volume of 544K 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, Alkermes share prices have been bracketed by a low of $27.14 and a high of $80.71 and are now at $40.80, 50% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has slid 0.5%.
SmarTrend is tracking the current trend status for Alkermes and will alert subscribers who have ALKS in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Alkermes