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Nmi Holdings I-A Crosses Below its 10-day MA (NMIH)

By Nick Russo

Today, shares of Nmi Holdings I-A (NASDAQ:NMIH) have crossed bearishly below their 10-day moving average of $27.76 on a volume of 104K shares. Swing traders may find 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 Nmi Holdings I-A have traded between a low of $13.75 and a high of $28.85 and are now at $27.62, which is 101% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 1.0%.

SmarTrend recommended that subscribers consider buying shares of Nmi Holdings I-A on January 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.76. Since that recommendation, shares of Nmi Holdings I-A have risen 49.7%. We continue to monitor NMIH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nmi holdings i-a

Ticker(s): NMIH