• Return to Headlines

Bearish Moving Average Cross by Regeneron Pharmaceuticals (REGN)

By Amy Schwartz

Regeneron Pharmaceuticals (NASDAQ:REGN) crossed under its 10-day moving average of $472.33 on a volume of 137K 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 $467.44, 991% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.4%.

SmarTrend recommended that subscribers consider buying shares of Regeneron Pharmaceuticals on May 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $397.84. Since that recommendation, shares of Regeneron Pharmaceuticals have risen 19.6%. We continue to monitor REGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses regeneron pharmaceuticals

Ticker(s): REGN