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Bullish Moving Average Cross by NutriSystem (NTRI)

By Shiri Gupta

Today, shares of NutriSystem (NASDAQ:NTRI) have crossed bullishly above their 10-day moving average of $17.61 on a volume of 882K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, NutriSystem has traded in a range of $13.76 to $19.98 and is now at $19.75, 44% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of NutriSystem on January 6th, 2015 by issuing a Downtrend alert when the shares were trading at $17.95. Since that call, shares of NutriSystem have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses nutrisystem

Ticker(s): NTRI