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Bullish Moving Average Cross by United Therapeutics (UTHR)

By David Diaz

Today, shares of United Therapeutics (NASDAQ:UTHR) have advanced above their 10-day MA of $114.87 on a volume of 252K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, United Therapeutics has traded in a range of $97.52 to $190.29 and is now at $119.05, 22% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of United Therapeutics on September 28th, 2016 by issuing a Downtrend alert when the shares were trading at $119.46. Since that call, shares of United Therapeutics have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses United Therapeutics

Ticker(s): UTHR