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Bullish Moving Average Cross by QIAGEN (QGEN)

By James Quinn

Today, shares of QIAGEN (NASDAQ:QGEN) have crossed bullishly above their 10-day moving average of $26.32 on a volume of 151K 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.

QIAGEN share prices have moved between a 52-week high of $28.53 and a 52-week low of $19.94 and are now trading 33% above that low price at $26.55 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of QIAGEN on July 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.10. Since that recommendation, shares of QIAGEN have risen 13.2%. We continue to monitor QGEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses qiagen

Ticker(s): QGEN