• Return to Headlines

Collegium Pharma Crosses Below its 10-day MA (COLL)

By Shiri Gupta

Collegium Pharma (NASDAQ:COLL) shares have crossed bearishly below their 10-day moving average of $26.76 on a volume of 216K 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.

Collegium Pharma share prices have moved between a 52-week high of $29.90 and a 52-week low of $7.37 and are now trading 249% above that low price at $25.70 per share. The 200-day and 50-day moving averages have moved 0.16% lower and 1.11% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Collegium Pharma on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.36. Since that recommendation, shares of Collegium Pharma have risen 6.8%. We continue to monitor COLL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses collegium pharma

Ticker(s): COLL