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Sucampo Pha-Cl A Crosses Above its 10-day MA (SCMP)

By Amy Schwartz

Sucampo Pha-Cl A (NASDAQ:SCMP) shares have crossed bullishly above their 10-day moving average of $10.41 on a volume of 432K 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, Sucampo Pha-Cl A has traded in a range of $9.30 to $17.55 and is now at $10.85, 17% above that low. The 200-day and 50-day moving averages have moved 1.25% lower and 1.79% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Sucampo Pha-Cl A on December 20th, 2016 by issuing a Downtrend alert when the shares were trading at $13.87. Since that call, shares of Sucampo Pha-Cl A have fallen 26.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sucampo pha-cl a

Ticker(s): SCMP