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Rockwell Medical Technologies Crosses Above its 10-day MA (RMTI)

By Nick Russo

Today, shares of Rockwell Medical Technologies (NASDAQ:RMTI) have crossed bullishly above their 10-day moving average of $5.89 on a volume of 214K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Rockwell Medical Technologies has traded in a range of $3.16 to $18.90 and is now at $6.08, 92% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.8% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Rockwell Medical Technologies on January 12th, 2017 by issuing a Downtrend alert when the shares were trading at $6.22. Since that call, shares of Rockwell Medical Technologies have fallen 10.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses rockwell medical technologies

Ticker(s): RMTI