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Gen-Probe Crosses Above its 10-day MA (GPRO)

By Shiri Gupta

Today, shares of Gen-Probe (AMEX:GPRO) have advanced above their 10-day MA of $7.94 on a volume of 8.4 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Gen-Probe share prices have been bracketed by a low of $7.14 and a high of $65.49 and are now at $8.42, 18% above that low price. The 200-day and 50-day moving averages have moved 3.68% lower and 0.49% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Gen-Probe. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Gen-Probe in search of a potential trend change.

Keywords: moving crosses amex:gpro Gen-Probe

Ticker(s): GPRO