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Nektar Therapeut Bearish Moving Average Crossover Alert (NKTR)

By Amy Schwartz

Nektar Therapeut (NASDAQ:NKTR) shares have crossed bearishly below their 10-day moving average of $19.27 on a volume of 161K 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, Nektar Therapeut share prices have been bracketed by a low of $11.41 and a high of $24.88 and are now at $19.12, 68% above that low price. The 200-day and 50-day moving averages have moved 0.35% higher and 2.07% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Nektar Therapeut. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Nektar Therapeut in search of a potential trend change.

Keywords: moving crosses nektar therapeut

Ticker(s): NKTR