Franco-Nevada Crosses Above its 10-day MA (FNV)
Today, shares of Franco-Nevada (NYSE:FNV) have crossed bullishly above their 10-day moving average of $72.87 on a volume of 160K 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, Franco-Nevada share prices have been bracketed by a low of $38.20 and a high of $81.16 and are now at $73.45, 92% above that low price. Over the past week, 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