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Bearish Moving Average Cross by Alere (ALR)

By David Diaz

Alere (AMEX:ALR) shares have crossed bearishly below their 10-day moving average of $38.33 on a volume of 255K 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, shares of Alere have traded between a low of $24.60 and a high of $40.80 and are now at $38.01, which is 55% above that low price. The 200-day and 50-day moving averages have moved 0.35% higher and 0.78% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Alere on May 13th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.15. Since that recommendation, shares of Alere have risen 6.6%. We continue to monitor ALR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:alr alere

Ticker(s): ALR