DexCom Crosses Below its 10-day MA (DXCM)
DexCom (NASDAQ:DXCM) crossed under its 10-day moving average of $92.82 on a volume of 122K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, DexCom has traded in a range of $47.92 to $103.29 and is now at $91.46, 91% above that low. Over the last five market days, 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 June 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.24. Since that recommendation, shares of DexCom have risen 38.2%. We continue to monitor DXCM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses dexcom