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Bearish Moving Average Cross by Ionis Pharmaceut (IONS)

By Amy Schwartz

Today, shares of Ionis Pharmaceut (NASDAQ:IONS) have fallen below their 10-day MA of $67.28 on a volume of 560K 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.

In the past 52 weeks, shares of Ionis Pharmaceut have traded between a low of $39.07 and a high of $86.58 and are now at $65.65, which is 68% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.2%.

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

Keywords: moving crosses ionis pharmaceut

Ticker(s): IONS