Cepheid Bullish Moving Average Crossover Alert (CPHD)
Today, shares of Cepheid (NASDAQ:CPHD) have advanced above their 10-day MA of $36.59 on a volume of 15.4 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Cepheid share prices have moved between a 52-week high of $63.69 and a 52-week low of $25.09 and are now trading 109% above that low price at $52.33 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 1.2%.
SmarTrend recommended that subscribers consider buying shares of Cepheid on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.75. Since that recommendation, shares of Cepheid have risen 15.7%. We continue to monitor CPHD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses cepheid