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Bearish Moving Average Cross by Nestle (NSRGY)

By Shiri Gupta

Today, shares of Nestle (NASDAQ:NSRGY) have fallen below their 10-day MA of $79.35 on a volume of 159K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Nestle has traded in a range of $68.00 to $83.25 and is now at $79.00, 16% above that low. The 200-day and 50-day moving averages have moved 0.05% lower and 0.31% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Nestle. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nestle in search of a potential trend change.

Keywords: moving crosses nestle

Ticker(s): NSRGY