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Paratek Pharmace Bullish Moving Average Crossover Alert (PRTK)

By Shiri Gupta

Paratek Pharmace (NASDAQ:PRTK) crossed over its 10-day moving average of $10.80 on a volume of 266K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Paratek Pharmace share prices have been bracketed by a low of $9.85 and a high of $29.00 and are now at $11.07, 12% above that low price. The 200-day and 50-day moving averages have moved 1.41% lower and 1.18% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Paratek Pharmace on October 19th, 2017 by issuing a Downtrend alert when the shares were trading at $22.85. Since that call, shares of Paratek Pharmace have fallen 53.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses paratek pharmace

Ticker(s): PRTK