Netease.com Crosses Below its 10-day MA (NTES)
Netease.com (NASDAQ:NTES) shares have crossed bearishly below their 10-day moving average of $210.60 on a volume of 150K 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.
Netease.com share prices have moved between a 52-week high of $217.37 and a 52-week low of $102.80 and are now trading 102% above that low price at $207.92 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.2%.
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 18.5%. 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