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Biogen Inc Crosses Below its 10-day MA (BIIB)

By David Diaz

Today, shares of Biogen Inc (NASDAQ:BIIB) have crossed bearishly below their 10-day moving average of $224.59 on a volume of 167K 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, shares of Biogen Inc have traded between a low of $215.78 and a high of $344.00 and are now at $223.65, which is 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.6%.

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

Keywords: moving crosses biogen inc

Ticker(s): BIIB