National Retail Properties Crosses Below its 10-day MA (NNN)
Today, shares of National Retail Properties (NYSE:NNN) have fallen below their 10-day MA of $51.73 on a volume of 225K 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 Retail Properties have traded between a low of $33.62 and a high of $53.13 and are now at $51.29, which is 53% above that low price. The 200-day and 50-day moving averages have moved 0.43% higher and 0.20% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of National Retail Properties on June 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.73. Since that recommendation, shares of National Retail Properties have risen 11.6%. We continue to monitor NNN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses national retail properties