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Newpark Resource Crosses Above its 10-day MA (NR)

By James Quinn

Newpark Resource (NYSE:NR) crossed over its 10-day moving average of $10.32 on a volume of 300K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Newpark Resource has traded in a range of $6.57 to $11.15 and is now at $10.57, 61% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Newpark Resource on April 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.97. Since that recommendation, shares of Newpark Resource have risen 13.2%. We continue to monitor NR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses newpark resource

Ticker(s): NR