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Zafgen Inc Crosses Above its 10-day MA (ZFGN)

By Amy Schwartz

Today, shares of Zafgen Inc (NASDAQ:ZFGN) have advanced above their 10-day MA of $10.39 on a volume of 130K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Zafgen Inc have traded between a low of $3.21 and a high of $11.24 and are now at $10.56, which is 229% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.5% while the 200-day MA has risen 1.7%.

SmarTrend is tracking the current trend status for Zafgen Inc and will alert subscribers who have ZFGN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses zafgen inc

Ticker(s): ZFGN