Bearish Moving Average Cross by Repligen (RGEN)
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