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Bearish Moving Average Cross by Endocyte Inc (ECYT)

By David Diaz

Endocyte Inc (NASDAQ:ECYT) crossed under its 10-day moving average of $18.80 on a volume of 273K 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.

Over the past year, Endocyte Inc has traded in a range of $1.17 to $20.85 and is now at $18.33, 1,467% above that low. The 200-day and 50-day moving averages have moved 2.80% higher and 2.53% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Endocyte Inc on August 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.60. Since that recommendation, shares of Endocyte Inc have risen 8.1%. We continue to monitor ECYT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses endocyte inc

Ticker(s): ECYT