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Insmed Inc Bullish Moving Average Crossover Alert (INSM)

By Shiri Gupta

Insmed Inc (NASDAQ:INSM) crossed over its 10-day moving average of $14.04 on a volume of 10.5 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.

In the past 52 weeks, shares of Insmed Inc have traded between a low of $9.02 and a high of $29.52 and are now at $27.45, which is 204% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 1.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Insmed Inc on August 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $15.57. Since that call, shares of Insmed Inc have fallen 21.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses insmed inc

Ticker(s): INSM