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Amicus Therapeutics Bearish Moving Average Crossover Alert (FOLD)

By James Quinn

Amicus Therapeutics (NASDAQ:FOLD) crossed under its 10-day moving average of $6.78 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.

Over the past year, Amicus Therapeutics has traded in a range of $4.98 to $18.83 and is now at $6.34, 27% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 1.9%.

SmarTrend is monitoring the recent change of momentum in Amicus Therapeutics. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Amicus Therapeutics in search of a potential trend change.

Keywords: moving crosses amicus therapeutics

Ticker(s): FOLD