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Bullish Moving Average Cross by Impax Labs Inc (IPXL)

By Shiri Gupta

Impax Labs Inc (NASDAQ:IPXL) shares have crossed bullishly above their 10-day moving average of $20.35 on a volume of 308K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Impax Labs Inc share prices have moved between a 52-week high of $32.20 and a 52-week low of $7.75 and are now trading 164% above that low price at $20.45 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Impax Labs Inc on December 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.42. Since that recommendation, shares of Impax Labs Inc have risen 8.8%. We continue to monitor IPXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses impax labs inc

Ticker(s): IPXL