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Regeneron Pharmaceuticals Bullish Moving Average Crossover Alert (REGN)

By James Quinn

Today, shares of Regeneron Pharmaceuticals (NASDAQ:REGN) have crossed bullishly above their 10-day moving average of $476.08 on a volume of 586K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Regeneron Pharmaceuticals have traded between a low of $42.83 and a high of $605.93 and are now at $489.26, which is 1,042% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.4%.

SmarTrend recommended that subscribers consider buying shares of Regeneron Pharmaceuticals on May 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $397.84. Since that recommendation, shares of Regeneron Pharmaceuticals have risen 18.6%. We continue to monitor REGN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses regeneron pharmaceuticals

Ticker(s): REGN