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Portola Pharmace Crosses Above its 10-day MA (PTLA)

By James Quinn

Portola Pharmace (NASDAQ:PTLA) crossed over its 10-day moving average of $42.10 on a volume of 551K 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, shares of Portola Pharmace have traded between a low of $30.10 and a high of $67.10 and are now at $42.72, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 2.3%.

SmarTrend is tracking the current trend status for Portola Pharmace and will alert subscribers who have PTLA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses portola pharmace

Ticker(s): PTLA