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Nevro Corp Crosses Below its 10-day MA (NVRO)

By Shiri Gupta

Nevro Corp (NYSE:NVRO) shares have crossed bearishly below their 10-day moving average of $65.26 on a volume of 132K 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.

Nevro Corp share prices have moved between a 52-week high of $94.34 and a 52-week low of $34.75 and are now trading 84% above that low price at $64.05 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.8% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Nevro Corp on March 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.46. Since that recommendation, shares of Nevro Corp have risen 10.3%. We continue to monitor NVRO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nevro corp

Ticker(s): NVRO