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Exact Sciences Crosses Below its 10-day MA (EXAS)

By Amy Schwartz

Exact Sciences (NASDAQ:EXAS) crossed under its 10-day moving average of $40.01 on a volume of 307K 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.

Exact Sciences share prices have moved between a 52-week high of $63.60 and a 52-week low of $9.91 and are now trading 300% above that low price at $39.68 per share. The 200-day and 50-day moving averages have moved 3.56% lower and 0.01% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Exact Sciences on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $45.50. Since that call, shares of Exact Sciences have fallen 11.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses exact sciences

Ticker(s): EXAS