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Bearish Moving Average Cross by Ionis Pharmaceut (IONS)

By Shiri Gupta

Ionis Pharmaceut (NASDAQ:IONS) crossed under its 10-day moving average of $60.47 on a volume of 581K 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, Ionis Pharmaceut has traded in a range of $39.07 to $86.58 and is now at $58.58, 50% above that low. The 200-day and 50-day moving averages have moved 0.29% higher and 0.14% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Ionis Pharmaceut and will alert subscribers who have IONS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ionis pharmaceut

Ticker(s): IONS