CBST Crosses Below Key Moving Average Level

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In trading on Monday, shares of Cubist Pharmaceuticals Inc. (Symbol: CBST) crossed below their 200 day moving average of $65.96, changing hands as low as $65.76 per share. Cubist Pharmaceuticals Inc. shares are currently trading down about 3.2% on the day. The chart below shows the one year performance of CBST shares, versus its 200 day moving average: Cubist Pharmaceuticals Inc. 200 Day Moving Average Chart

Looking at the chart above, CBST's low point in its 52 week range is $44.25 per share, with $82.12 as the 52 week high point - that compares with a last trade of $66.23.

According to the ETF Finder at ETF Channel, CBST makes up 2.60% of the PowerShares Dynamic Biotechnology & Genome Portfolio ETF (Symbol: PBE) which is trading up by about 0.3% on the day Monday.

Click here to find out which 9 other stocks recently crossed below their 200 day moving average »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: CBST , PBE

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