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

By James Quinn

Array Biopharma (NASDAQ:ARRY) crossed under its 10-day moving average of $21.86 on a volume of 390K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Array Biopharma share prices have moved between a 52-week high of $25.05 and a 52-week low of $12.56 and are now trading 70% above that low price at $21.39 per share. The 200-day and 50-day moving averages have moved 0.85% higher and 0.52% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Array Biopharma and will alert subscribers who have ARRY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Array BioPharma

Ticker(s): ARRY