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Bullish Moving Average Cross by Regeneron Pharmaceuticals (REGN)

By Amy Schwartz

Regeneron Pharmaceuticals (NASDAQ:REGN) crossed over its 10-day moving average of $455.62 on a volume of 149K 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.

Regeneron Pharmaceuticals share prices have moved between a 52-week high of $605.93 and a 52-week low of $42.83 and are now trading 965% above that low price at $455.95 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.7%.

SmarTrend recommended that subscribers consider buying shares of Regeneron Pharmaceuticals on May 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $397.84. Since that recommendation, shares of Regeneron Pharmaceuticals have risen 14.4%. We continue to monitor REGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses regeneron pharmaceuticals

Ticker(s): REGN