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Bearish Moving Average Cross by Flexion Therapeu (FLXN)

By Amy Schwartz

Today, shares of Flexion Therapeu (NASDAQ:FLXN) have fallen below their 10-day MA of $12.20 on a volume of 121K 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.

Over the past year, Flexion Therapeu has traded in a range of $10.98 to $29.10 and is now at $11.97, 9% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 2% while the 50-day MA has declined 0.6%.

SmarTrend is monitoring the recent change of momentum in Flexion Therapeu. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Flexion Therapeu in search of a potential trend change.

Keywords: moving crosses flexion therapeu

Ticker(s): FLXN