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Diplomat Pharmac Crosses Above its 10-day MA (DPLO)

By James Quinn

Today, shares of Diplomat Pharmac (NYSE:DPLO) have advanced above their 10-day MA of $19.45 on a volume of 227K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Diplomat Pharmac have traded between a low of $14.50 and a high of $28.74 and are now at $19.87, which is 37% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 1.79% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Diplomat Pharmac on July 20th, 2018 by issuing a Downtrend alert when the shares were trading at $23.48. Since that call, shares of Diplomat Pharmac have fallen 18.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses diplomat pharmac

Ticker(s): DPLO