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Bearish Moving Average Cross by Qiagen Nv (QGEN)

By Nick Russo

Qiagen Nv (NYSE:QGEN) crossed under its 10-day moving average of $39.59 on a volume of 652K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Qiagen Nv share prices have been bracketed by a low of $0.00 and a high of $41.55 and are now at $37.92, -100% above that low price. The 200-day and 50-day moving averages have moved 0.11% higher and 0.57% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Qiagen Nv on May 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.25. Since that recommendation, shares of Qiagen Nv have risen 4.8%. We continue to monitor QGEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses qiagen nv

Ticker(s): QGEN