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Seattle Genetics Bullish Moving Average Crossover Alert (SGEN)

By Amy Schwartz

Today, shares of Seattle Genetics (NASDAQ:SGEN) have advanced above their 10-day MA of $52.26 on a volume of 182K shares. This may provide swing traders with 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 $52.58, 46% 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 June 19th, 2017 by issuing a Downtrend alert when the shares were trading at $60.28. Since that call, shares of Seattle Genetics have fallen 14.1%. 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