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Bullish Moving Average Cross by Vanda Pharmaceut (VNDA)

By Nick Russo

Vanda Pharmaceut (NASDAQ:VNDA) shares have crossed bullishly above their 10-day moving average of $18.77 on a volume of 245K 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, Vanda Pharmaceut has traded in a range of $11.90 to $23.35 and is now at $19.10, 61% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Vanda Pharmaceut on August 28th, 2018 by issuing a Downtrend alert when the shares were trading at $19.65. Since that call, shares of Vanda Pharmaceut have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses vanda pharmaceut

Ticker(s): VNDA