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Bullish Moving Average Cross by Netgear (NTGR)

By Nick Russo

Netgear (NASDAQ:NTGR) shares have crossed bullishly above their 10-day moving average of $49.55 on a volume of 268K 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 Netgear have traded between a low of $28.12 and a high of $52.53 and are now at $51.34, which is 83% above that low price. The 200-day and 50-day moving averages have moved 0.64% higher and 0.37% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Netgear on February 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.79. Since that recommendation, shares of Netgear have risen 22.9%. We continue to monitor NTGR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses netgear

Ticker(s): NTGR