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Sage Therapeutic Crosses Below its 10-day MA (SAGE)

By Shiri Gupta

Today, shares of Sage Therapeutic (NASDAQ:SAGE) have fallen below their 10-day MA of $139.54 on a volume of 119K 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.

Over the past year, Sage Therapeutic has traded in a range of $79.88 to $193.56 and is now at $139.33, 74% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.9%.

SmarTrend is tracking the current trend status for Sage Therapeutic and will alert subscribers who have SAGE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses sage therapeutic

Ticker(s): SAGE