Bullish Moving Average Cross by National Grid (NGG)
Today, shares of National Grid (NYSE:NGG) have crossed bullishly above their 10-day moving average of $70.65 on a volume of 229K 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, shares of National Grid have traded between a low of $63.75 and a high of $74.97 and are now at $71.65, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.
SmarTrend is monitoring the recent change of momentum in National Grid. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of National Grid in search of a potential trend change.
Keywords: moving crosses national grid