• Return to Headlines

Regeneron Pharm Bearish Moving Average Crossover Alert (REGN)

By James Quinn

Regeneron Pharm (NASDAQ:REGN) shares have crossed bearishly below their 10-day moving average of $340.44 on a volume of 415K 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.

In the past 52 weeks, shares of Regeneron Pharm have traded between a low of $281.89 and a high of $445.00 and are now at $325.68, which is 16% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Regeneron Pharm on March 8th, 2019 by issuing a Downtrend alert when the shares were trading at $403.55. Since that call, shares of Regeneron Pharm have fallen 14.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses regeneron pharm

Ticker(s): REGN