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

By Shiri Gupta

Today, shares of Horizon Pharma P (NASDAQ:HZNP) have fallen below their 10-day MA of $27.44 on a volume of 115K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Horizon Pharma P have traded between a low of $12.55 and a high of $29.44 and are now at $27.13, which is 116% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.5%.

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 34.0%. 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