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Bearish Moving Average Cross by Paratek Pharmace (PRTK)

By David Diaz

Paratek Pharmace (NASDAQ:PRTK) shares have crossed bearishly below their 10-day moving average of $13.12 on a volume of 1.1 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, Paratek Pharmace share prices have been bracketed by a low of $9.80 and a high of $29.00 and are now at $11.35, 16% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Paratek Pharmace on October 19th, 2017 by issuing a Downtrend alert when the shares were trading at $22.85. Since that call, shares of Paratek Pharmace have fallen 42.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses paratek pharmace

Ticker(s): PRTK