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Ligand Pharm Crosses Above its 10-day MA (LGND)

By Nick Russo

Ligand Pharm (NASDAQ:LGND) crossed over its 10-day moving average of $256.58 on a volume of 221K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Ligand Pharm share prices have moved between a 52-week high of $273.25 and a 52-week low of $126.50 and are now trading 113% above that low price at $269.29 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 1.0%.

SmarTrend recommended that subscribers consider buying shares of Ligand Pharm on June 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $199.55. Since that recommendation, shares of Ligand Pharm have risen 27.1%. We continue to monitor LGND for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ligand pharm

Ticker(s): LGND