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Enanta Pharmaceu Crosses Below its 10-day MA (ENTA)

By David Diaz

Enanta Pharmaceu (NASDAQ:ENTA) crossed under its 10-day moving average of $100.94 on a volume of 187K 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.

Enanta Pharmaceu share prices have moved between a 52-week high of $127.77 and a 52-week low of $64.08 and are now trading 54% above that low price at $98.68 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.1%.

SmarTrend recommended that subscribers consider buying shares of Enanta Pharmaceu on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.33. Since that recommendation, shares of Enanta Pharmaceu have risen 39.6%. We continue to monitor ENTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses enanta pharmaceu

Ticker(s): ENTA