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Bullish Moving Average Cross by Celldex Therapeutics (CLDX)

By David Diaz

Today, shares of Celldex Therapeutics (NASDAQ:CLDX) have crossed bullishly above their 10-day moving average of $23.54 on a volume of 4.0 million 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 Celldex Therapeutics have traded between a low of $5.02 and a high of $38.84 and are now at $26.01, which is 418% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Celldex Therapeutics on October 7th, 2013 by issuing a Downtrend alert when the shares were trading at $31.88. Since that call, shares of Celldex Therapeutics have fallen 32.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses celldex therapeutics

Ticker(s): CLDX