Bullish Moving Average Cross by NutriSystem (NTRI)
Today, shares of NutriSystem (NASDAQ:NTRI) have advanced above their 10-day MA of $8.04 on a volume of 263K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, NutriSystem share prices have been bracketed by a low of $7.21 and a high of $15.55 and are now at $8.20, 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has slid 0.6%.
SmarTrend recommended that its subscribers protect gains by selling shares of NutriSystem on July 27th, 2012 by issuing a Downtrend alert when the shares were trading at $10.35. Since that call, shares of NutriSystem have fallen 23.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses nutrisystem