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NetSuite Crosses Below its 10-day MA (N)

By Amy Schwartz

NetSuite (NYSE:N) shares have crossed bearishly below their 10-day moving average of $77.53 on a volume of 135K 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, NetSuite has traded in a range of $51.75 to $102.46 and is now at $77.17, 49% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.7% while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for NetSuite and will alert subscribers who have N in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses netsuite

Ticker(s): N