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Bullish Moving Average Cross by Celldex Therapeutics (CLDX)

By James Quinn

Celldex Therapeutics (NASDAQ:CLDX) crossed over its 10-day moving average of $13.44 on a volume of 926K 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 Celldex Therapeutics have traded between a low of $10.76 and a high of $38.84 and are now at $13.61, which is 26% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 5.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Celldex Therapeutics on March 10th, 2014 by issuing a Downtrend alert when the shares were trading at $24.81. Since that call, shares of Celldex Therapeutics have fallen 46.3%. 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