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Puma Biotechnolo Crosses Above its 10-day MA (PBYI)

By David Diaz

Today, shares of Puma Biotechnolo (NASDAQ:PBYI) have advanced above their 10-day MA of $50.12 on a volume of 305K 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, Puma Biotechnolo share prices have been bracketed by a low of $47.00 and a high of $136.90 and are now at $51.23, 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Puma Biotechnolo on March 27th, 2018 by issuing a Downtrend alert when the shares were trading at $67.73. Since that call, shares of Puma Biotechnolo have fallen 26.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses puma biotechnolo

Ticker(s): PBYI