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Alkermes Plc Crosses Below its 10-day MA (ALKS)

By James Quinn

Today, shares of Alkermes Plc (NASDAQ:ALKS) have fallen below their 10-day MA of $46.05 on a volume of 160K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Alkermes Plc share prices have been bracketed by a low of $41.15 and a high of $71.22 and are now at $45.85, 11% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 2.6%.

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 19.8%. 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