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Neophotonics Cor Bearish Moving Average Crossover Alert (NPTN)

By Nick Russo

Neophotonics Cor (NYSE:NPTN) crossed under its 10-day moving average of $6.60 on a volume of 502K 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.

Over the past year, Neophotonics Cor has traded in a range of $3.36 to $9.48 and is now at $6.17, 84% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 4.3%.

SmarTrend recommended that subscribers consider buying shares of Neophotonics Cor on July 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.78. Since that recommendation, shares of Neophotonics Cor have risen 44.7%. We continue to monitor NPTN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses neophotonics cor

Ticker(s): NPTN