Bearish Moving Average Cross by Acorda Therapeutics (ACOR)
Acorda Therapeutics (NASDAQ:ACOR) crossed under its 10-day moving average of $26.06 on a volume of 598K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Acorda Therapeutics share prices have been bracketed by a low of $23.59 and a high of $43.63 and are now at $23.98, 2% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 2.2%.
SmarTrend is monitoring the recent change of momentum in Acorda Therapeutics. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Acorda Therapeutics in search of a potential trend change.
Keywords: moving crosses acorda therapeutics