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Navient Corp Bearish Moving Average Crossover Alert (NAVI)

By Nick Russo

Navient Corp (NASDAQ:NAVI) shares have crossed bearishly below their 10-day moving average of $11.88 on a volume of 156K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Navient Corp have traded between a low of $8.23 and a high of $15.03 and are now at $11.72, which is 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Navient Corp on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.78. Since that recommendation, shares of Navient Corp have risen 23.1%. We continue to monitor NAVI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses navient corp

Ticker(s): NAVI