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Medivation Crosses Above its 10-day MA (MDVN)

By Shiri Gupta

Today, shares of Medivation (NASDAQ:MDVN) have advanced above their 10-day MA of $61.73 on a volume of 268K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Medivation share prices have moved between a 52-week high of $70.79 and a 52-week low of $26.41 and are now trading 135% above that low price at $61.99 per share. The 200-day and 50-day moving averages have moved 0.12% higher and 4.93% higher over the past week, respectively.

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

Keywords: moving crosses Medivation

Ticker(s): MDVN