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Exact Sciences Bearish Moving Average Crossover Alert (EXAS)

By Shiri Gupta

Today, shares of Exact Sciences (NASDAQ:EXAS) have crossed bearishly below their 10-day moving average of $117.82 on a volume of 201K 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.

In the past 52 weeks, Exact Sciences share prices have been bracketed by a low of $47.78 and a high of $121.55 and are now at $117.38, 146% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Exact Sciences on May 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $97.67. Since that recommendation, shares of Exact Sciences have risen 22.7%. We continue to monitor EXAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses exact sciences

Ticker(s): EXAS