• Return to Headlines

Emergent Biosolu Crosses Below its 10-day MA (EBS)

By Amy Schwartz

Emergent Biosolu (NYSE:EBS) shares have crossed bearishly below their 10-day moving average of $52.73 on a volume of 139K 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.

In the past 52 weeks, shares of Emergent Biosolu have traded between a low of $46.93 and a high of $73.89 and are now at $50.56, which is 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Emergent Biosolu and will alert subscribers who have EBS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses emergent biosolu

Ticker(s): EBS