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

By Nick Russo

Today, shares of BioMarin Pharmaceutical (NASDAQ:BMRN) have fallen below their 10-day MA of $91.80 on a volume of 121K 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.

BioMarin Pharmaceutical share prices have moved between a 52-week high of $151.75 and a 52-week low of $62.12 and are now trading 46% above that low price at $90.99 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 1.2%.

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

Keywords: moving crosses biomarin pharmaceutical

Ticker(s): BMRN