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Celgene Crosses Above its 10-day MA (CELG)

By David Diaz

Today, shares of Celgene (NASDAQ:CELG) have crossed bullishly above their 10-day moving average of $99.62 on a volume of 4.0 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Celgene have traded between a low of $92.98 and a high of $140.72 and are now at $104.96, which is 13% above that low price. The 200-day and 50-day moving averages have moved 0.57% lower and 0.01% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Celgene on September 29th, 2016 by issuing a Downtrend alert when the shares were trading at $104.29. Since that call, shares of Celgene have fallen 5.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Celgene

Ticker(s): CELG