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New Relic Inc Bearish Moving Average Crossover Alert (NEWR)

By Nick Russo

New Relic Inc (NYSE:NEWR) shares have crossed bearishly below their 10-day moving average of $57.17 on a volume of 1.4 million 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.

In the past 52 weeks, shares of New Relic Inc have traded between the current low of $50.00 and a high of $113.34 and are now at $51.24. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 3.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of New Relic Inc on August 5th, 2019 by issuing a Downtrend alert when the shares were trading at $84.18. Since that call, shares of New Relic Inc have fallen 30.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses new relic inc

Ticker(s): NEWR