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Bullish Moving Average Cross by Medicines Co (MDCO)

By Nick Russo

Today, shares of Medicines Co (NASDAQ:MDCO) have advanced above their 10-day MA of $36.30 on a volume of 493K 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.

In the past 52 weeks, Medicines Co share prices have been bracketed by a low of $12.33 and a high of $43.79 and are now at $37.73, 206% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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

Keywords: moving crosses medicines co

Ticker(s): MDCO