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Heron Therapeuti Bearish Moving Average Crossover Alert (HRTX)

By James Quinn

Today, shares of Heron Therapeuti (NASDAQ:HRTX) have crossed bearishly below their 10-day moving average of $38.28 on a volume of 207K 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 Heron Therapeuti have traded between a low of $12.21 and a high of $42.90 and are now at $37.70, which is 209% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 0.9%.

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 67.8%. 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