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Cytomx Therapeut Bearish Moving Average Crossover Alert (CTMX)

By Amy Schwartz

Today, shares of Cytomx Therapeut (NASDAQ:CTMX) have fallen below their 10-day MA of $23.85 on a volume of 164K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Cytomx Therapeut share prices have moved between a 52-week high of $35.00 and a 52-week low of $9.10 and are now trading 159% above that low price at $23.57 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Cytomx Therapeut on March 28th, 2018 by issuing a Downtrend alert when the shares were trading at $27.99. Since that call, shares of Cytomx Therapeut have fallen 13.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses cytomx therapeut

Ticker(s): CTMX