Cepheid Bullish Moving Average Crossover Alert (CPHD)
Cepheid (NASDAQ:CPHD) crossed over its 10-day moving average of $43.60 on a volume of 109K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Cepheid has traded in a range of $36.81 to $55.89 and is now at $44.15, 20% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.
SmarTrend recommended that subscribers consider buying shares of Cepheid on September 5th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.51. Since that recommendation, shares of Cepheid have risen 3.5%. We continue to monitor CPHD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses cepheid