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Downtrend Call Working As Amag Pharmaceuti Stock Falls 29.3% (AMAG)

By David Diaz

SmarTrend identified a Downtrend for Amag Pharmaceuti (NASDAQ:AMAG) on November 1st, 2018 at $17.89. In approximately 4 months, Amag Pharmaceuti has returned 29.29% as of today's recent price of $12.65.

In the past 52 weeks, shares of Amag Pharmaceuti have traded between a low of $10.70 and a high of $26.10 and are now at $12.65, which is 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 1.1%.

AMAG Pharmaceuticals, Inc., a biopharmaceutical company, utilizes its proprietary nanoparticle technology for the development and commercialization of therapeutic iron compounds to treat anemia and novel imaging agents to aid in the diagnosis of cancer and cardiovascular disease.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Amag Pharmaceuti.

Log in and add Amag Pharmaceuti (AMAG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights amag pharmaceuti

Ticker(s): AMAG