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Bullish Moving Average Cross by NuVasive (NUVA)

By David Diaz

NuVasive (NASDAQ:NUVA) shares have crossed bullishly above their 10-day moving average of $53.54 on a volume of 169K 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, NuVasive share prices have been bracketed by a low of $36.81 and a high of $56.61 and are now at $54.71, 49% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 2.23% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of NuVasive on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.48. Since that recommendation, shares of NuVasive have risen 22.6%. We continue to monitor NUVA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nuvasive

Ticker(s): NUVA