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DexCom Crosses Below its 10-day MA (DXCM)

By Amy Schwartz

Today, shares of DexCom (NASDAQ:DXCM) have crossed bearishly below their 10-day moving average of $76.71 on a volume of 2.3 million 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.

DexCom share prices have moved between a 52-week high of $103.29 and a 52-week low of $47.92 and are now trading 53% above that low price at $73.31 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of DexCom on January 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.86. Since that recommendation, shares of DexCom have risen 20.3%. We continue to monitor DXCM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses dexcom

Ticker(s): DXCM