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Bullish Moving Average Cross by NXP Semiconductors (NXPI)

By Shiri Gupta

NXP Semiconductors (NASDAQ:NXPI) shares have crossed bullishly above their 10-day moving average of $88.07 on a volume of 492K 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, shares of NXP Semiconductors have traded between a low of $61.61 and a high of $114.00 and are now at $88.55, which is 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of NXP Semiconductors on July 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.33. Since that recommendation, shares of NXP Semiconductors have risen 5.1%. We continue to monitor NXPI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nxp semiconductors

Ticker(s): NXPI