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

By James Quinn

Today, shares of Myriad Genetics (NASDAQ:MYGN) have advanced above their 10-day MA of $19.74 on a volume of 322K 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.

Myriad Genetics share prices have moved between a 52-week high of $46.24 and a 52-week low of $17.66 and are now trading 13% above that low price at $19.93 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.3%.

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 44.4%. 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