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

By David Diaz

Today, shares of Celgene Corp (NASDAQ:CELG) have crossed bearishly below their 10-day moving average of $93.99 on a volume of 936K 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 $98.97 and are now at $93.86, which is 60% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

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