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Coherus Bioscien Crosses Below its 10-day MA (CHRS)

By Nick Russo

Coherus Bioscien (NASDAQ:CHRS) shares have crossed bearishly below their 10-day moving average of $20.25 on a volume of 196K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Coherus Bioscien has traded in a range of $8.34 to $23.43 and is now at $20.14, 141% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has declined 1.2%.

SmarTrend is monitoring the recent change of momentum in Coherus Bioscien. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Coherus Bioscien in search of a potential trend change.

Keywords: moving crosses coherus bioscien

Ticker(s): CHRS