Opko Health Bullish Moving Average Crossover Alert (OPK)
Opko Health (NYSE:OPK) crossed over its 10-day moving average of $9.35 on a volume of 4.8 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Opko Health share prices have moved between a 52-week high of $19.20 and a 52-week low of $7.12 and are now trading 36% above that low price at $9.70 per share. The 200-day and 50-day moving averages have moved 1.2% lower and 0.90% higher over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Opko Health on March 30th, 2016 by issuing a Downtrend alert when the shares were trading at $10.16. Since that call, shares of Opko Health have fallen 9.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses opko health