Franco-Nevada Crosses Above its 10-day MA (FNV)
Franco-Nevada (NYSE:FNV) crossed over its 10-day moving average of $63.88 on a volume of 146K 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, Franco-Nevada share prices have been bracketed by a low of $38.20 and a high of $71.48 and are now at $64.34, 68% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.1%.
SmarTrend is monitoring the recent change of momentum in Franco-Nevada. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Franco-Nevada in search of a potential trend change.
Keywords: moving crosses franco-nevada