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Spectrum Pharmac Bullish Moving Average Crossover Alert (SPPI)

By James Quinn

Today, shares of Spectrum Pharmac (NASDAQ:SPPI) have advanced above their 10-day MA of $21.10 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, Spectrum Pharmac has traded in a range of $8.57 to $24.20 and is now at $23.24, 171% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Spectrum Pharmac on April 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.11. Since that recommendation, shares of Spectrum Pharmac have risen 5.0%. We continue to monitor SPPI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses spectrum pharmac

Ticker(s): SPPI