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Exelixis Inc Bullish Moving Average Crossover Alert (EXEL)

By David Diaz

Exelixis Inc (NASDAQ:EXEL) crossed over its 10-day moving average of $20.92 on a volume of 476K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Exelixis Inc has traded in a range of $7.20 to $32.50 and is now at $21.11, 193% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Exelixis Inc on February 28th, 2018 by issuing a Downtrend alert when the shares were trading at $26.69. Since that call, shares of Exelixis Inc have fallen 22.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses exelixis inc

Ticker(s): EXEL