Netease.com Crosses Below its 10-day MA (NTES)
Netease.com (NASDAQ:NTES) shares have crossed bearishly below their 10-day moving average of $196.84 on a volume of 161K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Netease.com has traded in a range of $102.80 to $202.70 and is now at $195.51, 90% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1%.
SmarTrend recommended that subscribers consider buying shares of Netease.com on June 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $178.17. Since that recommendation, shares of Netease.com have risen 10.8%. We continue to monitor NTES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses netease.com