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Bullish Moving Average Cross by Akorn (AKRX)

By Amy Schwartz

Today, shares of Akorn (NASDAQ:AKRX) have crossed bullishly above their 10-day moving average of $24.56 on a volume of 1.5 million 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, Akorn has traded in a range of $17.57 to $48.53 and is now at $25.17, 43% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.2%.

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

Keywords: moving crosses akorn

Ticker(s): AKRX