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Nanostring Techn Bearish Moving Average Crossover Alert (NSTG)

By David Diaz

Nanostring Techn (NASDAQ:NSTG) crossed under its 10-day moving average of $26.51 on a volume of 174K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Nanostring Techn share prices have moved between a 52-week high of $34.78 and a 52-week low of $13.26 and are now trading 91% above that low price at $25.27 per share. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Nanostring Techn. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nanostring Techn in search of a potential trend change.

Keywords: moving crosses nanostring techn

Ticker(s): NSTG