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BioMarin Pharmaceutical Crosses Above its 10-day MA (BMRN)

By James Quinn

Today, shares of BioMarin Pharmaceutical (NASDAQ:BMRN) have advanced above their 10-day MA of $87.76 on a volume of 463K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of BioMarin Pharmaceutical have traded between a low of $62.12 and a high of $151.75 and are now at $90.71, which is 46% above that low price. The 200-day and 50-day moving averages have moved 1.25% lower and 0.63% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in BioMarin Pharmaceutical. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of BioMarin Pharmaceutical in search of a potential trend change.

Keywords: moving crosses biomarin pharmaceutical

Ticker(s): BMRN