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Exelixis Inc Bullish Moving Average Crossover Alert (EXEL)

By Nick Russo

Exelixis Inc (NASDAQ:EXEL) shares have crossed bullishly above their 10-day moving average of $26.71 on a volume of 534K 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.

Exelixis Inc share prices have moved between a 52-week high of $28.45 and a 52-week low of $7.20 and are now trading 275% above that low price at $27.00 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Exelixis Inc on June 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.72. Since that recommendation, shares of Exelixis Inc have risen 27.7%. We continue to monitor EXEL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses exelixis inc

Ticker(s): EXEL