Halozyme Therapeutics Bearish Moving Average Crossover Alert (HALO)
Today, shares of Halozyme Therapeutics (NASDAQ:HALO) have crossed bearishly below their 10-day moving average of $12.25 on a volume of 181K 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.
Halozyme Therapeutics share prices have moved between a 52-week high of $25.25 and a 52-week low of $6.96 and are now trading 74% above that low price at $12.13 per share. The 200-day and 50-day moving averages have moved 1.97% lower and 1.73% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Halozyme Therapeutics on August 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.38. Since that recommendation, shares of Halozyme Therapeutics have risen 19.6%. We continue to monitor HALO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses halozyme therapeutics