• Return to Headlines

Bullish Moving Average Cross by Heron Therapeuti (HRTX)

By James Quinn

Heron Therapeuti (NASDAQ:HRTX) crossed over its 10-day moving average of $31.62 on a volume of 223K 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, Heron Therapeuti has traded in a range of $12.21 to $34.00 and is now at $31.75, 160% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has risen 1.2%.

SmarTrend recommended that subscribers consider buying shares of Heron Therapeuti on March 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.60. Since that recommendation, shares of Heron Therapeuti have risen 32.6%. We continue to monitor HRTX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses heron therapeuti

Ticker(s): HRTX