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Depomed Bullish Moving Average Crossover Alert (DEPO)

By David Diaz

Today, shares of Depomed (NASDAQ:DEPO) have crossed bullishly above their 10-day moving average of $9.94 on a volume of 789K 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.

Over the past year, Depomed has traded in a range of $9.38 to $33.74 and is now at $10.08, 7% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Depomed on October 28th, 2016 by issuing a Downtrend alert when the shares were trading at $22.73. Since that call, shares of Depomed have fallen 56.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses DepoMed

Ticker(s): DEPO