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Myriad Genetics Crosses Above its 10-day MA (MYGN)

By Amy Schwartz

Today, shares of Myriad Genetics (NASDAQ:MYGN) have advanced above their 10-day MA of $30.39 on a volume of 429K 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.

Over the past year, Myriad Genetics has traded in a range of $28.82 to $46.24 and is now at $31.11, 8% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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 14.8%. 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