Bearish Moving Average Cross by Regeneron Pharmaceuticals (REGN)
Regeneron Pharmaceuticals (NASDAQ:REGN) crossed under its 10-day moving average of $394.56 on a volume of 165K 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.
In the past 52 weeks, Regeneron Pharmaceuticals share prices have been bracketed by a low of $42.83 and a high of $605.93 and are now at $391.79, 815% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.7%.
SmarTrend is tracking the current trend status for Regeneron Pharmaceuticals and will alert subscribers who have REGN in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses regeneron pharmaceuticals