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Bullish Moving Average Cross by National CineMedia (NCMI)

By David Diaz

National CineMedia (NASDAQ:NCMI) shares have crossed bullishly above their 10-day moving average of $7.38 on a volume of 356K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, National CineMedia share prices have been bracketed by a low of $7.12 and a high of $16.76 and are now at $7.50, 5% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of National CineMedia on January 30th, 2017 by issuing a Downtrend alert when the shares were trading at $14.42. Since that call, shares of National CineMedia have fallen 49.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses national cinemedia

Ticker(s): NCMI