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Bearish Moving Average Cross by Arrowhead Pharma (ARWR)

By Amy Schwartz

Arrowhead Pharma (NASDAQ:ARWR) shares have crossed bearishly below their 10-day moving average of $19.16 on a volume of 179K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Arrowhead Pharma share prices have been bracketed by a low of $6.31 and a high of $22.39 and are now at $18.27, 190% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.5%.

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

Keywords: moving crosses arrowhead pharma

Ticker(s): ARWR