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Retrophin Inc Crosses Below its 10-day MA (RTRX)

By Amy Schwartz

Today, shares of Retrophin Inc (NASDAQ:RTRX) have fallen below their 10-day MA of $17.05 on a volume of 6.0 million 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.

Retrophin Inc share prices have moved between a 52-week high of $33.00 and the current low of $11.45 and are currently at $12.53 per share. The 200-day and 50-day moving averages have moved 0.62% lower and 0.51% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Retrophin Inc on August 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $19.35. Since that call, shares of Retrophin Inc have fallen 10.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses retrophin inc

Ticker(s): RTRX