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Insulet Corp Bearish Moving Average Crossover Alert (PODD)

By David Diaz

Insulet Corp (NASDAQ:PODD) shares have crossed bearishly below their 10-day moving average of $155.43 on a volume of 146K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Insulet Corp share prices have moved between a 52-week high of $168.00 and a 52-week low of $70.80 and are now trading 113% above that low price at $150.57 per share. The 200-day and 50-day moving averages have moved 1.58% higher and 2.61% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Insulet Corp on May 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.09. Since that recommendation, shares of Insulet Corp have risen 68.7%. We continue to monitor PODD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses insulet corp

Ticker(s): PODD