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Horizon Pharma P Crosses Above its 10-day MA (HZNP)

By Nick Russo

Today, shares of Horizon Pharma P (NASDAQ:HZNP) have advanced above their 10-day MA of $23.74 on a volume of 316K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Horizon Pharma P share prices have been bracketed by a low of $15.92 and a high of $29.44 and are now at $23.97, 51% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Horizon Pharma P on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.83. Since that recommendation, shares of Horizon Pharma P have risen 11.8%. We continue to monitor HZNP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses horizon pharma p

Ticker(s): HZNP