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Celgene Corp Bearish Moving Average Crossover Alert (CELG)

By Shiri Gupta

Today, shares of Celgene Corp (NASDAQ:CELG) have fallen below their 10-day MA of $95.13 on a volume of 807K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Celgene Corp have traded between a low of $58.59 and a high of $97.07 and are now at $94.83, which is 62% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.0%.

SmarTrend is tracking the current trend status for Celgene Corp and will alert subscribers who have CELG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses celgene corp

Ticker(s): CELG