Gen-Probe Crosses Above its 10-day MA (GPRO)
Gen-Probe (AMEX:GPRO) crossed over its 10-day moving average of $12.03 on a volume of 4.7 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.
Over the past year, Gen-Probe has traded in a range of $9.01 to $65.49 and is now at $12.75, 42% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 2.3%.
SmarTrend is tracking the current trend status for Gen-Probe and will alert subscribers who have GPRO in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses amex:gpro Gen-Probe