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Nektar Therapeut Bearish Moving Average Crossover Alert (NKTR)

By Nick Russo

Today, shares of Nektar Therapeut (NASDAQ:NKTR) have crossed bearishly below their 10-day moving average of $103.34 on a volume of 377K 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, Nektar Therapeut share prices have been bracketed by a low of $11.41 and a high of $111.36 and are now at $101.53, 790% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.1% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Nektar Therapeut on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.72. Since that recommendation, shares of Nektar Therapeut have risen 24.8%. We continue to monitor NKTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nektar therapeut

Ticker(s): NKTR