Bullish Moving Average Cross by Threshold Pharmaceuticals (THLD)
Today, shares of Threshold Pharmaceuticals (NASDAQ:THLD) have crossed bullishly above their 10-day moving average of $4.64 on a volume of 1.6 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Threshold Pharmaceuticals share prices have moved between a 52-week high of $9.28 and a 52-week low of $1.27 and are now trading 300% above that low price at $5.08 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.
SmarTrend recommended that its subscribers protect gains by selling shares of Threshold Pharmaceuticals on September 17th, 2012 by issuing a Downtrend alert when the shares were trading at $6.51. Since that call, shares of Threshold Pharmaceuticals have fallen 33.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
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