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Myriad Genetics Bearish Moving Average Crossover Alert (MYGN)

By David Diaz

Today, shares of Myriad Genetics (NASDAQ:MYGN) have crossed bearishly below their 10-day moving average of $20.96 on a volume of 623K 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.

In the past 52 weeks, Myriad Genetics share prices have been bracketed by a low of $19.10 and a high of $46.24 and are now at $19.93, 4% above that low price. The 200-day and 50-day moving averages have moved 0.3% lower and 0.51% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Myriad Genetics on May 4th, 2016 by issuing a Downtrend alert when the shares were trading at $34.70. Since that call, shares of Myriad Genetics have fallen 38.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses myriad genetics

Ticker(s): MYGN