Biogen Idec Bearish Moving Average Crossover Alert (BIIB)
Today, shares of Biogen Idec (NASDAQ:BIIB) have fallen below their 10-day MA of $265.85 on a volume of 170K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Biogen Idec have traded between a low of $242.07 and a high of $420.99 and are now at $265.44, which is 10% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 0.2%.
SmarTrend is monitoring the recent change of momentum in Biogen Idec. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Biogen Idec in search of a potential trend change.
Keywords: moving crosses Biogen Idec