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Bearish Moving Average Cross by DexCom (DXCM)

By James Quinn

DexCom (NASDAQ:DXCM) crossed under its 10-day moving average of $78.27 on a volume of 138K 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.

DexCom share prices have moved between a 52-week high of $103.29 and a 52-week low of $47.92 and are now trading 63% above that low price at $78.10 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of DexCom on June 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.24. Since that recommendation, shares of DexCom have risen 17.0%. We continue to monitor DXCM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses dexcom

Ticker(s): DXCM