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Franco-Nevada Crosses Below its 10-day MA (FNV)

By James Quinn

Franco-Nevada (NYSE:FNV) shares have crossed bearishly below their 10-day moving average of $78.35 on a volume of 171K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Franco-Nevada share prices have moved between a 52-week high of $81.16 and a 52-week low of $38.20 and are now trading 103% above that low price at $77.36 per share. The 200-day and 50-day moving averages have moved 1.01% higher and 1.13% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Franco-Nevada and will alert subscribers who have FNV in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses franco-nevada

Ticker(s): FNV