Alnylam Pharmaceuticals Crosses Below its 10-day MA (ALNY)
Alnylam Pharmaceuticals (NASDAQ:ALNY) shares have crossed bearishly below their 10-day moving average of $73.01 on a volume of 120K 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, Alnylam Pharmaceuticals share prices have been bracketed by a low of $49.96 and a high of $140.00 and are now at $72.87, 46% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has remained constant.
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 19.9%. 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