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Bearish Moving Average Cross by Prothena Corp Pl (PRTA)

By David Diaz

Today, shares of Prothena Corp Pl (NASDAQ:PRTA) have fallen below their 10-day MA of $34.65 on a volume of 8.2 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, Prothena Corp Pl share prices have been bracketed by a current low of $11.05 and a high of $70.00 and are now at $11.52. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Prothena Corp Pl on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.40. Since that recommendation, shares of Prothena Corp Pl have risen 10.3%. We continue to monitor PRTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses prothena corp pl

Ticker(s): PRTA