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Impax Labs Inc Crosses Above its 10-day MA (IPXL)

By Amy Schwartz

Impax Labs Inc (NASDAQ:IPXL) crossed over its 10-day moving average of $16.88 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $18.25, 135% 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 Labs Inc 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 Labs Inc have risen 42.6%. 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