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Coherus Bioscien Bullish Moving Average Crossover Alert (CHRS)

By Nick Russo

Today, shares of Coherus Bioscien (NASDAQ:CHRS) have advanced above their 10-day MA of $15.15 on a volume of 1.0 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.

Coherus Bioscien share prices have moved between a 52-week high of $18.10 and a 52-week low of $8.05 and are now trading 116% above that low price at $17.40 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Coherus Bioscien on March 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.96. Since that recommendation, shares of Coherus Bioscien have risen 24.6%. We continue to monitor CHRS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses coherus bioscien

Ticker(s): CHRS