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Diplomat Pharmac Bullish Moving Average Crossover Alert (DPLO)

By David Diaz

Today, shares of Diplomat Pharmac (NYSE:DPLO) have advanced above their 10-day MA of $24.51 on a volume of 407K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Diplomat Pharmac has traded in a range of $14.23 to $27.78 and is now at $24.78, 74% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Diplomat Pharmac on April 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.41. Since that recommendation, shares of Diplomat Pharmac have risen 7.8%. We continue to monitor DPLO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses diplomat pharmac

Ticker(s): DPLO