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Intrexon Corp Bearish Moving Average Crossover Alert (XON)

By Nick Russo

Intrexon Corp (NYSE:XON) crossed under its 10-day moving average of $14.71 on a volume of 1.3 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Intrexon Corp share prices have been bracketed by a low of $10.26 and a high of $21.93 and are now at $13.47, 31% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Intrexon Corp on May 11th, 2018 by issuing a Downtrend alert when the shares were trading at $15.88. Since that call, shares of Intrexon Corp have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses intrexon corp

Ticker(s): XON