Bearish Moving Average Cross by NXP Semiconductors (NXPI)
NXP Semiconductors (NASDAQ:NXPI) crossed under its 10-day moving average of $102.53 on a volume of 1.1 million 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, NXP Semiconductors has traded in a range of $61.61 to $114.00 and is now at $100.82, 64% above that low. The 200-day and 50-day moving averages have moved 0.15% lower and 1.66% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in NXP Semiconductors. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of NXP Semiconductors in search of a potential trend change.
Keywords: moving crosses nxp semiconductors