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Opko Health Crosses Above its 10-day MA (OPK)

By James Quinn

Opko Health (NYSE:OPK) shares have crossed bullishly above their 10-day moving average of $6.26 on a volume of 2.5 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Opko Health have traded between a low of $5.99 and a high of $12.15 and are now at $6.39, which is 7% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Opko Health on December 30th, 2016 by issuing a Downtrend alert when the shares were trading at $9.56. Since that call, shares of Opko Health have fallen 35.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses opko health

Ticker(s): OPK