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Parexel International Crosses Below its 10-day MA (PRXL)

By Amy Schwartz

Today, shares of Parexel International (NASDAQ:PRXL) have crossed bearishly below their 10-day moving average of $82.37 on a volume of 290K shares. This may provide short-term investors a chance 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 $51.16 to $83.61 and is now at $82.27, 61% 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 May 4th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.53. Since that recommendation, shares of Parexel International have risen 22.2%. 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