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Vanda Pharmaceut Crosses Above its 10-day MA (VNDA)

By Amy Schwartz

Vanda Pharmaceut (NASDAQ:VNDA) crossed over its 10-day moving average of $12.90 on a volume of 986K 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.

In the past 52 weeks, shares of Vanda Pharmaceut have traded between a low of $11.83 and a high of $33.44 and are now at $15.37, which is 30% above that low price. The 200-day and 50-day moving averages have moved 0.71% lower and 1.23% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Vanda Pharmaceut on February 1st, 2019 by issuing a Downtrend alert when the shares were trading at $26.35. Since that call, shares of Vanda Pharmaceut have fallen 52.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses vanda pharmaceut

Ticker(s): VNDA