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QIAGEN Crosses Below its 10-day MA (QGEN)

By Nick Russo

QIAGEN (NASDAQ:QGEN) crossed under its 10-day moving average of $34.24 on a volume of 202K 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, QIAGEN has traded in a range of $19.94 to $35.01 and is now at $33.69, 69% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of QIAGEN on December 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.54. Since that recommendation, shares of QIAGEN have risen 20.4%. We continue to monitor QGEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses qiagen

Ticker(s): QGEN