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Bearish Moving Average Cross by Pacira Pharmaceu (PCRX)

By Nick Russo

Today, shares of Pacira Pharmaceu (NASDAQ:PCRX) have crossed bearishly below their 10-day moving average of $35.11 on a volume of 142K 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.

Over the past year, Pacira Pharmaceu has traded in a range of $26.95 to $58.95 and is now at $33.90, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.7% while the 200-day MA has slid 0.5%.

SmarTrend recommended that subscribers consider buying shares of Pacira Pharmaceu on April 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.47. Since that recommendation, shares of Pacira Pharmaceu have risen 5.5%. We continue to monitor PCRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses pacira pharmaceu

Ticker(s): PCRX