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Bearish Moving Average Cross by Tesaro Inc (TSRO)

By Shiri Gupta

Tesaro Inc (NASDAQ:TSRO) shares have crossed bearishly below their 10-day moving average of $44.02 on a volume of 520K 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, Tesaro Inc share prices have been bracketed by a low of $38.40 and a high of $139.47 and are now at $42.43, 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 2.6%.

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

Keywords: moving crosses tesaro inc

Ticker(s): TSRO