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Pacira Pharmaceu Bearish Moving Average Crossover Alert (PCRX)

By Nick Russo

Today, shares of Pacira Pharmaceu (NASDAQ:PCRX) have fallen below their 10-day MA of $37.70 on a volume of 1.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Pacira Pharmaceu has traded in a range of $26.95 to $51.10 and is now at $34.05, 26% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Pacira Pharmaceu on April 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.48. Since that recommendation, shares of Pacira Pharmaceu have risen 18.9%. We continue to monitor PCRX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses pacira pharmaceu

Ticker(s): PCRX