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Bearish Moving Average Cross by Alnylam Pharmaceuticals (ALNY)

By David Diaz

Today, shares of Alnylam Pharmaceuticals (NASDAQ:ALNY) have crossed bearishly below their 10-day moving average of $53.49 on a volume of 165K 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, Alnylam Pharmaceuticals share prices have been bracketed by a low of $31.38 and a high of $140.00 and are now at $52.75, 68% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 1.7%.

SmarTrend recommended that subscribers consider buying shares of Alnylam Pharmaceuticals on February 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.07. Since that recommendation, shares of Alnylam Pharmaceuticals have risen 10.5%. We continue to monitor ALNY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses alnylam pharmaceuticals

Ticker(s): ALNY