• Return to Headlines

Bearish Moving Average Cross by Gen-Probe (GPRO)

By Shiri Gupta

Gen-Probe (AMEX:GPRO) shares have crossed bearishly below their 10-day moving average of $10.67 on a volume of 1.2 million 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, shares of Gen-Probe have traded between a low of $8.62 and a high of $65.49 and are now at $10.48, which is 22% above that low price. The 200-day and 50-day moving averages have moved 3.68% lower and 0.49% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Gen-Probe and will alert subscribers who have GPRO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:gpro Gen-Probe

Ticker(s): GPRO