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

By Shiri Gupta

Today, shares of Portola Pharmace (NASDAQ:PTLA) have crossed bearishly below their 10-day moving average of $39.92 on a volume of 106K shares. Swing traders may find 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 $39.70, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% 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