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Bullish Moving Average Cross by Celgene (CELG)

By Amy Schwartz

Today, shares of Celgene (NASDAQ:CELG) have advanced above their 10-day MA of $123.96 on a volume of 429K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Celgene has traded in a range of $92.98 to $140.72 and is now at $124.14, 34% above that low. The 200-day and 50-day moving averages have moved 0.57% lower and 0.01% lower over the past week, respectively.

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

Keywords: moving crosses Celgene

Ticker(s): CELG