SGEN Crosses Below Key Moving Average Level

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In trading on Thursday, shares of Seattle Genetics Inc (Symbol: SGEN) crossed below their 200 day moving average of $42.81, changing hands as low as $41.69 per share. Seattle Genetics Inc shares are currently trading down about 3.7% on the day. The chart below shows the one year performance of SGEN shares, versus its 200 day moving average: Seattle Genetics Inc 200 Day Moving Average Chart

Looking at the chart above, SGEN's low point in its 52 week range is $28.15 per share, with $55.99 as the 52 week high point - that compares with a last trade of $42.33.

According to the ETF Finder at ETF Channel, SGEN makes up 1.22% of the iShares Nasdaq Biotechnology ETF (Symbol: IBB) which is trading lower by about 2.5% on the day Thursday.

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: SGEN , IBB

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