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Momenta Pharmace Bullish Moving Average Crossover Alert (MNTA)

By James Quinn

Today, shares of Momenta Pharmace (NASDAQ:MNTA) have crossed bullishly above their 10-day moving average of $18.02 on a volume of 145K 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, Momenta Pharmace share prices have been bracketed by a low of $9.66 and a high of $19.90 and are now at $18.20, 88% above that low price. The 200-day and 50-day moving averages have moved 1.8% lower and 0.18% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Momenta Pharmace on October 18th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.55. Since that recommendation, shares of Momenta Pharmace have risen 22.3%. We continue to monitor MNTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses momenta pharmace

Ticker(s): MNTA