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Bullish Moving Average Cross by Arrowhead Research (ARWR)

By Nick Russo

Today, shares of Arrowhead Research (NASDAQ:ARWR) have crossed bullishly above their 10-day moving average of $7.17 on a volume of 482K 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, Arrowhead Research has traded in a range of $3.07 to $8.22 and is now at $7.40, 141% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 3.0%.

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

Keywords: moving crosses arrowhead research

Ticker(s): ARWR