• Return to Headlines

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

By Nick Russo

Nektar Therapeutics (NASDAQ:NKTR) crossed over its 10-day moving average of $13.49 on a volume of 101K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Nektar Therapeutics have traded between a low of $9.16 and a high of $17.55 and are now at $13.62, which is 49% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Nektar Therapeutics on May 4th, 2016 by issuing a Downtrend alert when the shares were trading at $14.48. Since that call, shares of Nektar Therapeutics have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses nektar therapeutics

Ticker(s): NKTR