Bearish Moving Average Cross by Northern Trust (NTRS)
Today, shares of Northern Trust (NASDAQ:NTRS) have fallen below their 10-day MA of $70.84 on a volume of 180K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Northern Trust share prices have been bracketed by a low of $54.38 and a high of $79.25 and are now at $70.45, 30% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.3%.
SmarTrend recommended that subscribers consider buying shares of Northern Trust on July 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.36. Since that recommendation, shares of Northern Trust have risen 5.4%. We continue to monitor NTRS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Northern Trust