• Return to Headlines

Mallinckrodt Bearish Moving Average Crossover Alert (MNK)

By Amy Schwartz

Mallinckrodt (NYSE:MNK) crossed under its 10-day moving average of $38.94 on a volume of 2.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Mallinckrodt share prices have been bracketed by a low of $35.04 and a high of $85.83 and are now at $38.03, 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has declined 0.4%.

SmarTrend is monitoring the recent change of momentum in Mallinckrodt. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Mallinckrodt in search of a potential trend change.

Keywords: moving crosses mallinckrodt

Ticker(s): MNK