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Seattle Genetics Crosses Above its 10-day MA (SGEN)

By James Quinn

Today, shares of Seattle Genetics (NASDAQ:SGEN) have advanced above their 10-day MA of $84.16 on a volume of 1.3 million shares. This may provide short-term investors a chance 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 $50.71 to $100.98 and is now at $99.71, 97% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.6%.

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