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Bearish Moving Average Cross by Jazz Pharmaceuticals (JAZZ)

By Amy Schwartz

Today, shares of Jazz Pharmaceuticals (NASDAQ:JAZZ) have crossed bearishly below their 10-day moving average of $141.36 on a volume of 489K 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 Jazz Pharmaceuticals have traded between a low of $108.50 and a high of $194.73 and are now at $137.00, which is 26% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.6%.

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

Keywords: moving crosses jazz pharmaceuticals

Ticker(s): JAZZ