Back to Main

The BioScrip Inc. (BIOS) Moving Average Crossover Spotted - Tale of the Tape

Posted: 10/2/2013 3:47:00 AM
Referenced Stocks: BIOS

The BioScrip Inc. ( BIOS ) 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 BIOS 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 28.03% in the past four weeks. Plus, the company currently has a Zacks Rank #5 (Strong Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.

BIOSCRIP INC (BIOS): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research