Cepheid Bearish Moving Average Crossover Alert (CPHD)
Cepheid (NASDAQ:CPHD) crossed under its 10-day moving average of $35.03 on a volume of 923K 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.
Over the past year, Cepheid has traded in a range of $26.22 to $63.69 and is now at $29.81, 14% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 1.9%.
SmarTrend recommended that subscribers consider buying shares of Cepheid on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.99. Since that recommendation, shares of Cepheid have risen 7.3%. We continue to monitor CPHD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses cepheid