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Bullish Moving Average Cross by Tesaro Inc (TSRO)

By Shiri Gupta

Today, shares of Tesaro Inc (NASDAQ:TSRO) have crossed bullishly above their 10-day moving average of $48.03 on a volume of 152K 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, Tesaro Inc share prices have been bracketed by a low of $44.76 and a high of $168.92 and are now at $48.18, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.3% while the 50-day MA has declined 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tesaro Inc on March 19th, 2018 by issuing a Downtrend alert when the shares were trading at $61.31. Since that call, shares of Tesaro Inc have fallen 22.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses tesaro inc

Ticker(s): TSRO