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National Grid Bearish Moving Average Crossover Alert (NGG)

By Shiri Gupta

National Grid (NYSE:NGG) shares have crossed bearishly below their 10-day moving average of $72.07 on a volume of 159K 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.

In the past 52 weeks, shares of National Grid have traded between a low of $63.75 and a high of $74.67 and are now at $70.96, which is 11% above that low price. The 200-day and 50-day moving averages have moved 0.16% higher and 0.40% higher over the past week, respectively.

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

Keywords: moving crosses national grid

Ticker(s): NGG