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Zogenix Inc Crosses Below its 10-day MA (ZGNX)

By Nick Russo

Zogenix Inc (NASDAQ:ZGNX) crossed under its 10-day moving average of $47.95 on a volume of 119K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Zogenix Inc have traded between a low of $7.33 and a high of $62.75 and are now at $47.70, which is 551% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Zogenix Inc on August 9th, 2018 by issuing a Downtrend alert when the shares were trading at $51.00. Since that call, shares of Zogenix Inc have fallen 4.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses zogenix inc

Ticker(s): ZGNX