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Clovis Oncology Bearish Moving Average Crossover Alert (CLVS)

By David Diaz

Clovis Oncology (NASDAQ:CLVS) crossed under its 10-day moving average of $5.50 on a volume of 1.3 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Clovis Oncology share prices have moved between a 52-week high of $35.84 and a 52-week low of $4.98 and are now trading 6% above that low price at $5.27 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 9.5% while the 200-day MA has slid 1.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Clovis Oncology on March 25th, 2019 by issuing a Downtrend alert when the shares were trading at $23.84. Since that call, shares of Clovis Oncology have fallen 76.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses clovis oncology

Ticker(s): CLVS