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Celgene Bearish Moving Average Crossover Alert (CELG)

By James Quinn

Celgene (NASDAQ:CELG) crossed under its 10-day moving average of $103.08 on a volume of 357K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Celgene share prices have been bracketed by a low of $92.98 and a high of $140.72 and are now at $102.63, 10% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Celgene. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Celgene in search of a potential trend change.

Keywords: moving crosses Celgene

Ticker(s): CELG