Franco-Nevada Crosses Below its 10-day MA (FNV)
Franco-Nevada (NYSE:FNV) crossed under its 10-day moving average of $72.85 on a volume of 113K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Franco-Nevada have traded between a low of $38.20 and a high of $81.16 and are now at $71.33, which is 87% 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