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Heron Therapeuti Bearish Moving Average Crossover Alert (HRTX)

By Nick Russo

Today, shares of Heron Therapeuti (NASDAQ:HRTX) have crossed bearishly below their 10-day moving average of $30.26 on a volume of 139K shares. Swing traders may find 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 Heron Therapeuti have traded between a low of $12.21 and a high of $32.70 and are now at $30.15, which is 147% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Heron Therapeuti on March 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.60. Since that recommendation, shares of Heron Therapeuti have risen 32.0%. We continue to monitor HRTX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses heron therapeuti

Ticker(s): HRTX