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Bullish Moving Average Cross by NXP Semiconductors (NXPI)

By Shiri Gupta

Today, shares of NXP Semiconductors (NASDAQ:NXPI) have crossed bullishly above their 10-day moving average of $86.43 on a volume of 309K 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, NXP Semiconductors share prices have been bracketed by a low of $61.61 and a high of $114.00 and are now at $86.86, 41% above that low price. The 200-day and 50-day moving averages have moved 0.15% lower and 1.66% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in NXP Semiconductors. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of NXP Semiconductors in search of a potential trend change.

Keywords: moving crosses nxp semiconductors

Ticker(s): NXPI