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Bullish Moving Average Cross by Regeneron Pharm (REGN)

By David Diaz

Regeneron Pharm (NASDAQ:REGN) crossed over its 10-day moving average of $310.90 on a volume of 174K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Regeneron Pharm has traded in a range of $281.89 to $445.00 and is now at $311.65, 11% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Regeneron Pharm on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $403.55. Since that call, shares of Regeneron Pharm have fallen 25.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses regeneron pharm

Ticker(s): REGN