• Return to Headlines

Bullish Moving Average Cross by Celgene Corp (CELG)

By Nick Russo

Celgene Corp (NASDAQ:CELG) crossed over its 10-day moving average of $88.45 on a volume of 637K shares. Swing traders may find 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 Celgene Corp have traded between a low of $58.59 and a high of $95.30 and are now at $89.27, which is 52% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Celgene Corp on January 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $84.13. Since that recommendation, shares of Celgene Corp have risen 4.5%. We continue to monitor CELG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses celgene corp

Ticker(s): CELG