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Bearish Moving Average Cross by Nic Inc (EGOV)

By Shiri Gupta

Nic Inc (NASDAQ:EGOV) crossed under its 10-day moving average of $15.61 on a volume of 107K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Nic Inc share prices have been bracketed by a low of $12.65 and a high of $25.90 and are now at $15.43, 22% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend is tracking the current trend status for Nic Inc and will alert subscribers who have EGOV in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses nic inc

Ticker(s): EGOV