• Return to Headlines

Nektar Therapeutics Bullish Moving Average Crossover Alert (NKTR)

By James Quinn

Today, shares of Nektar Therapeutics (NASDAQ:NKTR) have crossed bullishly above their 10-day moving average of $18.84 on a volume of 768K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Nektar Therapeutics has traded in a range of $9.16 to $19.98 and is now at $19.10, 109% above that low. The 200-day and 50-day moving averages have moved 0.35% higher and 2.07% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Nektar Therapeutics on July 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.73. Since that recommendation, shares of Nektar Therapeutics have risen 11.7%. We continue to monitor NKTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nektar therapeutics

Ticker(s): NKTR