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Seattle Genetics Bearish Moving Average Crossover Alert (SGEN)

By David Diaz

Seattle Genetics (NASDAQ:SGEN) crossed under its 10-day moving average of $64.42 on a volume of 126K 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 Seattle Genetics have traded between a low of $26.02 and a high of $75.36 and are now at $63.66, which is 145% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.8%.

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

Keywords: moving crosses seattle genetics

Ticker(s): SGEN