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Bullish Moving Average Cross by Abiomed Inc (ABMD)

By James Quinn

Today, shares of Abiomed Inc (NASDAQ:ABMD) have advanced above their 10-day MA of $166.55 on a volume of 159K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Abiomed Inc has traded in a range of $155.02 to $427.70 and is now at $172.21, 11% above that low. The 200-day and 50-day moving averages have moved 0.94% lower and 4.71% lower over the past week, respectively.

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

Keywords: moving crosses abiomed inc

Ticker(s): ABMD