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Parexel International Bearish Moving Average Crossover Alert (PRXL)

By Nick Russo

Today, shares of Parexel International (NASDAQ:PRXL) have crossed bearishly below their 10-day moving average of $69.17 on a volume of 366K 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, Parexel International has traded in a range of $56.00 to $76.17 and is now at $67.57, 21% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Parexel International on June 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.60. Since that recommendation, shares of Parexel International have risen 15.4%. We continue to monitor PRXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses parexel international

Ticker(s): PRXL