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Bearish Moving Average Cross by Northern Trust (NTRS)

By Nick Russo

Northern Trust (NASDAQ:NTRS) shares have crossed bearishly below their 10-day moving average of $97.79 on a volume of 180K 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, shares of Northern Trust have traded between a low of $61.32 and a high of $99.30 and are now at $97.52, which is 59% above that low price. Over the last five market days, 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 April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $90.36. Since that recommendation, shares of Northern Trust have risen 8.3%. 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

Ticker(s): NTRS