• Return to Headlines

Impax Labs Inc Bearish Moving Average Crossover Alert (IPXL)

By Amy Schwartz

Impax Labs Inc (NASDAQ:IPXL) shares have crossed bearishly below their 10-day moving average of $19.45 on a volume of 148K 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.

Over the past year, Impax Labs Inc has traded in a range of $7.75 to $32.20 and is now at $19.30, 149% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Impax Labs Inc on December 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.42. Since that recommendation, shares of Impax Labs Inc have risen 7.7%. We continue to monitor IPXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses impax labs inc

Ticker(s): IPXL