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Bullish Moving Average Cross by AMAG Pharmaceuticals (AMAG)

By Nick Russo

Today, shares of AMAG Pharmaceuticals (NASDAQ:AMAG) have advanced above their 10-day MA of $25.96 on a volume of 179K shares. This may provide swing traders with 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 AMAG Pharmaceuticals have traded between a low of $17.92 and a high of $77.73 and are now at $26.45, which is 48% above that low price. The 200-day and 50-day moving averages have moved 2.89% lower and 1.22% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of AMAG Pharmaceuticals on May 31st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.22. Since that recommendation, shares of AMAG Pharmaceuticals have risen 17.6%. We continue to monitor AMAG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amag pharmaceuticals

Ticker(s): AMAG