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National Grid Crosses Above its 10-day MA (NGG)

By Shiri Gupta

National Grid (NYSE:NGG) crossed over its 10-day moving average of $73.46 on a volume of 109K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, National Grid has traded in a range of $63.75 to $74.97 and is now at $73.90, 16% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

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