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Nektar Therapeut Crosses Above its 10-day MA (NKTR)

By Nick Russo

Today, shares of Nektar Therapeut (NASDAQ:NKTR) have crossed bullishly above their 10-day moving average of $17.17 on a volume of 299K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Nektar Therapeut have traded between a low of $15.64 and a high of $47.11 and are now at $17.71, which is 13% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 0.5%.

SmarTrend is tracking the current trend status for Nektar Therapeut and will alert subscribers who have NKTR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses nektar therapeut

Ticker(s): NKTR