Bearish Moving Average Cross by Arrowhead Research (ARWR)
Arrowhead Research (NASDAQ:ARWR) shares have crossed bearishly below their 10-day moving average of $5.94 on a volume of 441K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Arrowhead Research share prices have moved between a 52-week high of $7.92 and a 52-week low of $3.07 and are now trading 87% above that low price at $5.74 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 3.0%.
SmarTrend is tracking the current trend status for Arrowhead Research and will alert subscribers who have ARWR in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses arrowhead research