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Supernus Pharmac Bearish Moving Average Crossover Alert (SUPN)

By Shiri Gupta

Supernus Pharmac (NYSE:SUPN) crossed under its 10-day moving average of $43.34 on a volume of 480K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Supernus Pharmac have traded between a low of $17.25 and a high of $44.95 and are now at $41.00, which is 138% above that low price. The 200-day and 50-day moving averages have moved 0.46% lower and 1.41% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Supernus Pharmac on December 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.75. Since that recommendation, shares of Supernus Pharmac have risen 86.3%. We continue to monitor SUPN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses supernus pharmac

Ticker(s): SUPN