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Endo Pharmaceuticals Crosses Below its 10-day MA (ENDP)

By Nick Russo

Endo Pharmaceuticals (NASDAQ:ENDP) shares have crossed bearishly below their 10-day moving average of $10.64 on a volume of 819K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Endo Pharmaceuticals have traded between a low of $9.82 and a high of $96.58 and are now at $10.49, which is 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 5.3% while the 200-day MA has slid 2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Endo Pharmaceuticals on November 1st, 2016 by issuing a Downtrend alert when the shares were trading at $18.51. Since that call, shares of Endo Pharmaceuticals have fallen 41.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Endo Pharmaceuticals

Ticker(s): ENDP