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Epizyme Inc Bearish Moving Average Crossover Alert (EPZM)

By David Diaz

Today, shares of Epizyme Inc (NASDAQ:EPZM) have crossed bearishly below their 10-day moving average of $13.53 on a volume of 109K 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, Epizyme Inc share prices have been bracketed by a low of $5.14 and a high of $15.97 and are now at $13.20, 157% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Epizyme Inc on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.98. Since that recommendation, shares of Epizyme Inc have risen 95.6%. We continue to monitor EPZM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses epizyme inc

Ticker(s): EPZM