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Biogen Idec Bearish Moving Average Crossover Alert (BIIB)

By Shiri Gupta

Today, shares of Biogen Idec (NASDAQ:BIIB) have crossed bearishly below their 10-day moving average of $281.98 on a volume of 3.3 million 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, Biogen Idec has traded in a range of $242.07 to $420.99 and is now at $256.06, 6% above that low. Over the past week, 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

Ticker(s): BIIB