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Omeros Corp Crosses Below its 10-day MA (OMER)

By Nick Russo

Omeros Corp (NASDAQ:OMER) crossed under its 10-day moving average of $21.41 on a volume of 574K 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.

Over the past year, Omeros Corp has traded in a range of $8.36 to $25.20 and is now at $19.80, 137% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Omeros Corp on April 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.32. Since that recommendation, shares of Omeros Corp have risen 51.6%. We continue to monitor OMER for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses omeros corp

Ticker(s): OMER