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Mirati Therapeut Crosses Below its 10-day MA (MRTX)

By James Quinn

Today, shares of Mirati Therapeut (NASDAQ:MRTX) have crossed bearishly below their 10-day moving average of $91.28 on a volume of 102K 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.

Mirati Therapeut share prices have moved between a 52-week high of $111.37 and a 52-week low of $24.65 and are now trading 257% above that low price at $88.03 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has risen 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Mirati Therapeut on July 26th, 2019 by issuing a Downtrend alert when the shares were trading at $97.26. Since that call, shares of Mirati Therapeut have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses mirati therapeut

Ticker(s): MRTX