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Insmed Inc Down 24.8% Since SmarTrend Downtrend Call (INSM)

By Amy Schwartz

SmarTrend identified a Downtrend for Insmed Inc (NASDAQ:INSM) on August 9th, 2018 at $22.12. In approximately 2 months, Insmed Inc has returned 24.76% as of today's recent price of $16.64.

In the past 52 weeks, shares of Insmed Inc have traded between a low of $9.02 and a high of $33.94 and are now at $16.64, which is 84% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 2.3%.

Insmed, Inc. is a biopharmaceutical company focused on developing and commercializing novel, targeted inhaled therapies for patients with high unmet need battling serious orphan lung diseases.

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

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

Keywords: spotlights insmed inc

Ticker(s): INSM