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

By Amy Schwartz

Today, shares of Portola Pharmace (NASDAQ:PTLA) have crossed bearishly below their 10-day moving average of $42.21 on a volume of 339K 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, Portola Pharmace has traded in a range of $30.10 to $67.10 and is now at $41.97, 39% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has slid 0.4%.

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