Today, shares of MannKind (NASDAQ:MNKD) have crossed bearishly below their 10-day moving average of $7.59 on a volume of 5.4 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
MannKind share prices have moved between a 52-week high of $8.33 and a 52-week low of $1.57 and are now trading 374% above that low price at $7.44 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 2.2%.
SmarTrend is monitoring the recent change of momentum in MannKind. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of MannKind in search of a potential trend change.
http://www.mysmartrend.com/news-briefs/candlestick/mannkind-crosses-below-its-10-day-ma-mnkd
