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Medicines Comp Crosses Above its 10-day MA (MDCO)

By Amy Schwartz

Today, shares of Medicines Comp (NASDAQ:MDCO) have advanced above their 10-day MA of $36.76 on a volume of 202K 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.

In the past 52 weeks, shares of Medicines Comp have traded between a low of $24.45 and a high of $55.95 and are now at $36.87, which is 51% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 1.73% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Medicines Comp on May 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.98. Since that recommendation, shares of Medicines Comp have risen 14.4%. We continue to monitor MDCO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses medicines comp

Ticker(s): MDCO