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Netgear Inc Crosses Below its 10-day MA (NTGR)

By David Diaz

Netgear Inc (NASDAQ:NTGR) shares have crossed bearishly below their 10-day moving average of $34.72 on a volume of 394K 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, Netgear Inc has traded in a range of $24.63 to $68.00 and is now at $32.82, 33% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 3.2%.

SmarTrend recommended that subscribers consider buying shares of Netgear Inc on July 25th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.60. Since that recommendation, shares of Netgear Inc have risen 7.4%. We continue to monitor NTGR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses netgear inc

Ticker(s): NTGR