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National Instruments Bearish Moving Average Crossover Alert (NATI)

By James Quinn

Today, shares of National Instruments (NASDAQ:NATI) have fallen below their 10-day MA of $38.91 on a volume of 112K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, National Instruments has traded in a range of $25.90 to $40.58 and is now at $38.61, 49% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend recommended that subscribers consider buying shares of National Instruments on November 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.88. Since that recommendation, shares of National Instruments have risen 37.5%. We continue to monitor NATI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses national instruments

Ticker(s): NATI