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Bullish Moving Average Cross by Stemline Therape (STML)

By Nick Russo

Stemline Therape (NASDAQ:STML) crossed over its 10-day moving average of $11.16 on a volume of 259K 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, Stemline Therape has traded in a range of $7.82 to $17.90 and is now at $11.75, 50% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Stemline Therape on August 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $13.21. Since that call, shares of Stemline Therape have fallen 18.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses stemline therape

Ticker(s): STML