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Karyopharm Thera Bearish Moving Average Crossover Alert (KPTI)

By Amy Schwartz

Today, shares of Karyopharm Thera (NASDAQ:KPTI) have fallen below their 10-day MA of $18.76 on a volume of 396K 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, shares of Karyopharm Thera have traded between a low of $6.27 and a high of $20.39 and are now at $17.82, which is 184% above that low price. The 200-day and 50-day moving averages have moved 1.36% higher and 0.87% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Karyopharm Thera on April 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.01. Since that recommendation, shares of Karyopharm Thera have risen 36.1%. We continue to monitor KPTI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses karyopharm thera

Ticker(s): KPTI