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Downtrend Spotted in Shares of AMAG Pharmaceuticals (AMAG)

Written on Sat, 03/13/2010 - 11:46am
By Chip Brian

SmarTrend identified a Downtrend for AMAG Pharmaceuticals (NASDAQ:AMAG) on February 01, 2010 at $43.51. In approximately 1 month, AMAG Pharmaceuticals has returned 17.3% as of today's recent price of $35.98.
AMAG Pharmaceuticals is currently below its 50-day moving average of $40.95 and below its 200-day moving average of $43.53. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of AMAG Pharmaceuticals.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): AMAG

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