Today, shares of Cephalon (NASDAQ: CEPH) have crossed bullishly above their 10-day moving average of $65.27 on volume of 742 thousand shares.

This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation.

SmarTrend issued an Uptrend Alert for Cephalon on December 29, 2009 at $61.77. In approximately 1 month, Cephalon has returned 6.2% as of today's recent price of $65.57.

We will continue to monitor CEPH's share price relative to this moving average.

Write to Chip Brian at [email protected]

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