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Bearish Moving Average Cross by Supernus Pharmac (SUPN)

By Nick Russo

Supernus Pharmac (NASDAQ:SUPN) shares have crossed bearishly below their 10-day moving average of $53.91 on a volume of 341K 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.

Over the past year, Supernus Pharmac has traded in a range of $32.50 to $59.05 and is now at $53.38, 64% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.6% while the 200-day MA has risen 1.0%.

SmarTrend recommended that subscribers consider buying shares of Supernus Pharmac on March 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.25. Since that recommendation, shares of Supernus Pharmac have risen 36.0%. We continue to monitor SUPN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses supernus pharmac

Ticker(s): SUPN