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Alnylam Pharmaceuticals Bearish Moving Average Crossover Alert (ALNY)

By David Diaz

Today, shares of Alnylam Pharmaceuticals (NASDAQ:ALNY) have crossed bearishly below their 10-day moving average of $64.22 on a volume of 1.1 million 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.

Alnylam Pharmaceuticals share prices have moved between a 52-week high of $140.00 and a 52-week low of $49.96 and are now trading 26% above that low price at $62.87 per share. The 200-day and 50-day moving averages have moved 1.68% lower and 0.07% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Alnylam Pharmaceuticals on July 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.09. Since that recommendation, shares of Alnylam Pharmaceuticals have risen 7.2%. We continue to monitor ALNY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses alnylam pharmaceuticals

Ticker(s): ALNY