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Bearish Moving Average Cross by Repligen (RGEN)

By James Quinn

Repligen (NASDAQ:RGEN) shares have crossed bearishly below their 10-day moving average of $26.07 on a volume of 417K 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, Repligen share prices have been bracketed by a low of $16.72 and a high of $42.48 and are now at $24.16, 44% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Repligen and will alert subscribers who have RGEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses repligen

Ticker(s): RGEN