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Celgene Corp Bearish Moving Average Crossover Alert (CELG)

By James Quinn

Today, shares of Celgene Corp (NASDAQ:CELG) have crossed bearishly below their 10-day moving average of $93.34 on a volume of 621K 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.

Celgene Corp share prices have moved between a 52-week high of $98.97 and a 52-week low of $58.59 and are now trading 58% above that low price at $92.54 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Celgene Corp on January 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $84.13. Since that recommendation, shares of Celgene Corp have risen 11.3%. We continue to monitor CELG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses celgene corp

Ticker(s): CELG