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Neurocrine Biosc Bearish Moving Average Crossover Alert (NBIX)

By Amy Schwartz

Today, shares of Neurocrine Biosc (NASDAQ:NBIX) have fallen below their 10-day MA of $97.82 on a volume of 242K 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, shares of Neurocrine Biosc have traded between a low of $64.72 and a high of $126.98 and are now at $92.88, which is 44% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Neurocrine Biosc on May 31st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.76. Since that recommendation, shares of Neurocrine Biosc have risen 19.4%. We continue to monitor NBIX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses neurocrine biosc

Ticker(s): NBIX