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Bearish Moving Average Cross by Cytomx Therapeut (CTMX)

By Amy Schwartz

Today, shares of Cytomx Therapeut (NASDAQ:CTMX) have crossed bearishly below their 10-day moving average of $24.49 on a volume of 939K 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.

Cytomx Therapeut share prices have moved between a 52-week high of $35.00 and a 52-week low of $13.09 and are now trading 84% above that low price at $24.09 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has risen 0.6%.

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

Keywords: moving crosses cytomx therapeut

Ticker(s): CTMX