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New Media Invest Crosses Above its 10-day MA (NEWM)

By Amy Schwartz

New Media Invest (NYSE:NEWM) crossed over its 10-day moving average of $15.99 on a volume of 173K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, New Media Invest share prices have been bracketed by a low of $13.25 and a high of $19.10 and are now at $16.21, 22% above that low price. The 200-day and 50-day moving averages have moved 0.02% higher and 0.36% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in New Media Invest. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of New Media Invest in search of a potential trend change.

Keywords: moving crosses new media invest

Ticker(s): NEWM