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Bullish Moving Average Cross by Lexicon Pharmaceuticals (LXRX)

By David Diaz

Today, shares of Lexicon Pharmaceuticals (NASDAQ:LXRX) have advanced above their 10-day MA of $12.36 on a volume of 125K 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 Lexicon Pharmaceuticals have traded between a low of $0.99 and a high of $15.79 and are now at $12.50, which is 1,163% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 2.5%.

SmarTrend recommended that subscribers consider buying shares of Lexicon Pharmaceuticals on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.30. Since that recommendation, shares of Lexicon Pharmaceuticals have risen 8.4%. We continue to monitor LXRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses lexicon pharmaceuticals

Ticker(s): LXRX