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Bullish Moving Average Cross by Nektar Therapeutics (NKTR)

By David Diaz

Today, shares of Nektar Therapeutics (NASDAQ:NKTR) have advanced above their 10-day MA of $17.41 on a volume of 116K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Nektar Therapeutics share prices have been bracketed by a low of $9.16 and a high of $18.12 and are now at $17.54, 91% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Nektar Therapeutics on July 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.73. Since that recommendation, shares of Nektar Therapeutics have risen 3.2%. We continue to monitor NKTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nektar therapeutics

Ticker(s): NKTR