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Amag Pharmaceuti Crosses Above its 10-day MA (AMAG)

By Shiri Gupta

Amag Pharmaceuti (NASDAQ:AMAG) shares have crossed bullishly above their 10-day moving average of $12.18 on a volume of 180K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Amag Pharmaceuti share prices have been bracketed by a low of $6.81 and a high of $24.65 and are now at $12.34, 81% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 2.2%.

SmarTrend recommended that subscribers consider buying shares of Amag Pharmaceuti on August 12th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.26. Since that recommendation, shares of Amag Pharmaceuti have risen 7.2%. We continue to monitor AMAG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amag pharmaceuti

Ticker(s): AMAG