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Moving Average Crossover Alert: Corcept Therapeutics Incorporated (CORT) - Tale of the Tape

Posted: 9/9/2013 4:57:00 AM
Referenced Stocks: CORT

Corcept Therapeutics Incorporated ( CORT ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for CORT broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 8.5% in the past four weeks. Plus, the company currently has a Zacks Rank #4 (Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.

CORCEPT THERAPT (CORT): Free Stock Analysis Report

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