Today, shares of Synta Pharmaceuticals (NASDAQ:SNTA) have crossed bearishly below their 10-day moving average of $10.42 on a volume of 351K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Synta Pharmaceuticals share prices have moved between a 52-week high of $10.83 and a 52-week low of $3.57 and are now trading 188% above that low price at $10.28 per share. The 200-day and 50-day moving averages have moved 1.38% higher and 2.18% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Synta Pharmaceuticals on December 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.44. Since that recommendation, shares of Synta Pharmaceuticals have risen 26.2%. We continue to monitor SNTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.