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

By Shiri Gupta

Today, shares of National Grid (NYSE:NGG) have fallen below their 10-day MA of $70.06 on a volume of 178K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $69.59, 9% above that low. The 200-day and 50-day moving averages have moved 0.16% higher and 0.40% higher over the past week, respectively.

SmarTrend is tracking the current trend status for National Grid and will alert subscribers who have NGG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses national grid

Ticker(s): NGG