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Alkermes Plc Bullish Moving Average Crossover Alert (ALKS)

By Shiri Gupta

Alkermes Plc (NASDAQ:ALKS) shares have crossed bullishly above their 10-day moving average of $43.27 on a volume of 3.1 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.

In the past 52 weeks, Alkermes Plc share prices have been bracketed by a low of $39.65 and a high of $71.22 and are now at $45.77, 15% above that low price. The 200-day and 50-day moving averages have moved 1.08% lower and 1.10% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Alkermes Plc on February 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $57.72. Since that call, shares of Alkermes Plc have fallen 26.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses alkermes plc

Ticker(s): ALKS