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Bullish Moving Average Cross by Tesaro Inc (TSRO)

By Amy Schwartz

Today, shares of Tesaro Inc (NASDAQ:TSRO) have crossed bullishly above their 10-day moving average of $42.27 on a volume of 3.2 million 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, Tesaro Inc has traded in a range of $38.40 to $153.98 and is now at $45.00, 17% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2% while the 200-day MA has slid 1.6%.

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 34.8%. 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