Bearish Moving Average Cross by Alere (ALR)
Today, shares of Alere (AMEX:ALR) have fallen below their 10-day MA of $52.66 on a volume of 167K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Alere share prices have moved between a 52-week high of $54.58 and a 52-week low of $33.76 and are now trading 54% above that low price at $51.97 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.
SmarTrend recommended that subscribers consider buying shares of Alere on September 15th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.94. Since that recommendation, shares of Alere have risen 26.2%. 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