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Seattle Genetics Bullish Moving Average Crossover Alert (SGEN)

By Nick Russo

Seattle Genetics (NASDAQ:SGEN) crossed over its 10-day moving average of $50.17 on a volume of 869K 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, Seattle Genetics has traded in a range of $35.93 to $75.36 and is now at $54.02, 50% above that low. The 200-day and 50-day moving averages have moved 0.82% lower and 1.00% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Seattle Genetics on March 21st, 2018 by issuing a Downtrend alert when the shares were trading at $54.30. Since that call, shares of Seattle Genetics 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 seattle genetics

Ticker(s): SGEN