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NCR Bearish Moving Average Crossover Alert (NCR)

By James Quinn

Today, shares of NCR (NYSE:NCR) have fallen below their 10-day MA of $40.08 on a volume of 287K 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.

In the past 52 weeks, NCR share prices have been bracketed by a low of $18.02 and a high of $49.90 and are now at $39.75, 121% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of NCR on March 13th, 2017 by issuing a Downtrend alert when the shares were trading at $45.39. Since that call, shares of NCR have fallen 11.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses

Ticker(s): NCR