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Medicines Co Bullish Moving Average Crossover Alert (MDCO)

By Nick Russo

Medicines Co (NASDAQ:MDCO) shares have crossed bullishly above their 10-day moving average of $35.45 on a volume of 149K 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.

Over the past year, Medicines Co has traded in a range of $12.33 to $43.79 and is now at $35.72, 190% above that low. The 200-day and 50-day moving averages have moved 0.07% higher and 0.47% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Medicines Co on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.82. Since that recommendation, shares of Medicines Co have risen 6.6%. We continue to monitor MDCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses medicines co

Ticker(s): MDCO