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Fibrogen Inc Bearish Moving Average Crossover Alert (FGEN)

By James Quinn

Fibrogen Inc (NASDAQ:FGEN) shares have crossed bearishly below their 10-day moving average of $64.77 on a volume of 162K 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, shares of Fibrogen Inc have traded between a low of $32.20 and a high of $68.55 and are now at $64.00, which is 99% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.8% while the 200-day MA has risen 0.5%.

SmarTrend is tracking the current trend status for Fibrogen Inc and will alert subscribers who have FGEN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses fibrogen inc

Ticker(s): FGEN