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Insmed Inc Crosses Above its 10-day MA (INSM)

By Amy Schwartz

Today, shares of Insmed Inc (NASDAQ:INSM) have advanced above their 10-day MA of $22.63 on a volume of 233K 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, Insmed Inc has traded in a range of $11.31 to $33.13 and is now at $22.75, 101% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Insmed Inc on May 21st, 2019 by issuing a Downtrend alert when the shares were trading at $26.27. Since that call, shares of Insmed Inc have fallen 16.7%. 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