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Bullish Moving Average Cross by Depomed (DEPO)

By David Diaz

Today, shares of Depomed (NASDAQ:DEPO) have advanced above their 10-day MA of $17.01 on a volume of 780K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Depomed have traded between a low of $12.25 and a high of $33.74 and are now at $17.43, which is 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 1.6%.

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

Keywords: moving crosses DepoMed

Ticker(s): DEPO