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Array Biopharma Crosses Below its 10-day MA (ARRY)

By James Quinn

Today, shares of Array Biopharma (NASDAQ:ARRY) have crossed bearishly below their 10-day moving average of $23.78 on a volume of 166K 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 Array Biopharma have traded between a low of $12.56 and a high of $24.76 and are now at $23.59, which is 88% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 3.1%.

SmarTrend recommended that subscribers consider buying shares of Array Biopharma on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.03. Since that recommendation, shares of Array Biopharma have risen 40.9%. We continue to monitor ARRY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Array BioPharma

Ticker(s): ARRY