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Ligand Pharm Bearish Moving Average Crossover Alert (LGND)

By David Diaz

Today, shares of Ligand Pharm (NASDAQ:LGND) have fallen below their 10-day MA of $125.15 on a volume of 199K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Ligand Pharm share prices have moved between a 52-week high of $278.62 and a 52-week low of $98.56 and are now trading 19% above that low price at $117.69 per share. The 200-day and 50-day moving averages have moved 1.08% lower and 0.42% higher over the past week, respectively.

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

Keywords: moving crosses ligand pharm

Ticker(s): LGND