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Nestle Crosses Above its 10-day MA (NSRGY)

By Amy Schwartz

Today, shares of Nestle (NASDAQ:NSRGY) have crossed bullishly above their 10-day moving average of $74.88 on a volume of 110K 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.

Nestle share prices have moved between a 52-week high of $79.39 and a 52-week low of $68.00 and are now trading 10% above that low price at $75.12 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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

Keywords: moving crosses nestle

Ticker(s): NSRGY