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

By Amy Schwartz

Amag Pharmaceuti (NASDAQ:AMAG) shares have crossed bearishly below their 10-day moving average of $24.51 on a volume of 1.9 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.

In the past 52 weeks, shares of Amag Pharmaceuti have traded between a low of $11.93 and a high of $25.63 and are now at $23.83, which is 100% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Amag Pharmaceuti on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.20. Since that recommendation, shares of Amag Pharmaceuti have risen 43.9%. 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