Depomed Bullish Moving Average Crossover Alert (DEPO)
Today, shares of Depomed (NASDAQ:DEPO) have crossed bullishly above their 10-day moving average of $19.05 on a volume of 225K 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.
Depomed share prices have moved between a 52-week high of $33.74 and a 52-week low of $12.25 and are now trading 58% above that low price at $19.30 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 1.6%.
SmarTrend is tracking the current trend status for Depomed and will alert subscribers who have DEPO in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses DepoMed