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Celgene Corp Crosses Below its 10-day MA (CELG)

By Shiri Gupta

Celgene Corp (NASDAQ:CELG) shares have crossed bearishly below their 10-day moving average of $96.92 on a volume of 3.0 million 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, Celgene Corp share prices have been bracketed by a low of $58.59 and a high of $98.91 and are now at $94.45, 61% above that low price. The 200-day and 50-day moving averages have moved 0.09% higher and 0.26% higher over the past week, respectively.

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 17.6%. 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