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Impax Laboratories Crosses Above its 10-day MA (IPXL)

By David Diaz

Impax Laboratories (NASDAQ:IPXL) shares have crossed bullishly above their 10-day moving average of $15.62 on a volume of 220K 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.

Over the past year, Impax Laboratories has traded in a range of $7.75 to $52.10 and is now at $16.10, 108% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.9%.

SmarTrend recommended that subscribers consider buying shares of Impax Laboratories on March 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.75. Since that recommendation, shares of Impax Laboratories have risen 29.8%. We continue to monitor IPXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses impax laboratories

Ticker(s): IPXL