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Neurocrine Biosciences Crosses Above its 10-day MA (NBIX)

By Nick Russo

Neurocrine Biosciences (NASDAQ:NBIX) shares have crossed bullishly above their 10-day moving average of $44.08 on a volume of 189K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Neurocrine Biosciences has traded in a range of $31.25 to $58.46 and is now at $44.90, 44% above that low. The 200-day and 50-day moving averages have moved 0.37% lower and 1.45% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Neurocrine Biosciences on May 26th, 2017 by issuing a Downtrend alert when the shares were trading at $47.17. Since that call, shares of Neurocrine Biosciences have fallen 6.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses neurocrine biosciences

Ticker(s): NBIX