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Insys Therapeuti Crosses Below its 10-day MA (INSY)

By Shiri Gupta

Today, shares of Insys Therapeuti (NASDAQ:INSY) have crossed bearishly below their 10-day moving average of $6.89 on a volume of 244K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Insys Therapeuti has traded in a range of $4.10 to $19.96 and is now at $6.78, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Insys Therapeuti on January 10th, 2018 by issuing a Downtrend alert when the shares were trading at $9.31. Since that call, shares of Insys Therapeuti have fallen 21.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses insys therapeuti

Ticker(s): INSY