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Bullish Moving Average Cross by Celgene Corp (CELG)

By David Diaz

Today, shares of Celgene Corp (NASDAQ:CELG) have crossed bullishly above their 10-day moving average of $90.82 on a volume of 868K 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.

Over the past year, Celgene Corp has traded in a range of $58.59 to $98.97 and is now at $91.80, 57% above that low. The 200-day and 50-day moving averages have moved 0.02% lower and 0.33% lower over the past week, respectively.

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

Keywords: moving crosses celgene corp

Ticker(s): CELG