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

By Shiri Gupta

Today, shares of Endo Pharmaceuticals (NASDAQ:ENDP) have fallen below their 10-day MA of $12.76 on a volume of 1.7 million 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, Endo Pharmaceuticals share prices have been bracketed by a low of $9.70 and a high of $96.58 and are now at $12.63, 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2% while the 50-day MA has declined 5.3%.

SmarTrend recommended that subscribers consider buying shares of Endo Pharmaceuticals on April 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.25. Since that recommendation, shares of Endo Pharmaceuticals have risen 5.1%. We continue to monitor ENDP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Endo Pharmaceuticals

Ticker(s): ENDP