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Bearish Moving Average Cross by Spectrum Pharmac (SPPI)

By Shiri Gupta

Spectrum Pharmac (NASDAQ:SPPI) shares have crossed bearishly below their 10-day moving average of $18.97 on a volume of 198K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Spectrum Pharmac has traded in a range of $5.47 to $23.50 and is now at $18.78, 243% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 0.3%.

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

Keywords: moving crosses spectrum pharmac

Ticker(s): SPPI