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Ironwood Pharmac Crosses Below its 10-day MA (IRWD)

By David Diaz

Today, shares of Ironwood Pharmac (NASDAQ:IRWD) have fallen below their 10-day MA of $20.38 on a volume of 387K 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.

In the past 52 weeks, Ironwood Pharmac share prices have been bracketed by a low of $12.89 and a high of $21.20 and are now at $20.28, 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.5%.

SmarTrend is tracking the current trend status for Ironwood Pharmac and will alert subscribers who have IRWD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ironwood pharmac

Ticker(s): IRWD