Bearish Moving Average Cross by Depomed (DEPO)
Depomed (NASDAQ:DEPO) crossed under its 10-day moving average of $19.44 on a volume of 422K 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, Depomed share prices have been bracketed by a low of $12.25 and a high of $33.74 and are now at $19.20, 57% above that low price. The 200-day and 50-day moving averages have moved 1.57% lower and 0.23% lower over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Depomed. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Depomed in search of a potential trend change.
Keywords: moving crosses DepoMed