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National Instruments Bearish Moving Average Crossover Alert (NATI)

By Amy Schwartz

Today, shares of National Instruments (NASDAQ:NATI) have crossed bearishly below their 10-day moving average of $28.70 on a volume of 153K 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.

National Instruments share prices have moved between a 52-week high of $31.71 and a 52-week low of $25.90 and are now trading 10% above that low price at $28.54 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

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

Keywords: moving crosses national instruments

Ticker(s): NATI