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Bearish Moving Average Cross by Biogen Inc (BIIB)

By Shiri Gupta

Biogen Inc (NASDAQ:BIIB) crossed under its 10-day moving average of $229.56 on a volume of 202K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Biogen Inc share prices have been bracketed by a low of $216.12 and a high of $388.67 and are now at $228.75, 6% above that low price. The 200-day and 50-day moving averages have moved 0.78% lower and 3.05% lower over the past week, respectively.

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

Keywords: moving crosses biogen inc

Ticker(s): BIIB