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Mallinckrodt Bearish Moving Average Crossover Alert (MNK)

By James Quinn

Mallinckrodt (NYSE:MNK) shares have crossed bearishly below their 10-day moving average of $14.33 on a volume of 373K 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 Mallinckrodt have traded between a low of $13.81 and a high of $85.83 and are now at $14.22, which is 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 1.7%.

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