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Northern Trust Bullish Moving Average Crossover Alert (NTRS)

By David Diaz

Today, shares of Northern Trust (NASDAQ:NTRS) have crossed bullishly above their 10-day moving average of $64.33 on a volume of 296K 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.

Over the past year, Northern Trust has traded in a range of $54.38 to $79.25 and is now at $65.25, 20% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Northern Trust on June 16th, 2016 by issuing a Downtrend alert when the shares were trading at $68.74. Since that call, shares of Northern Trust have fallen 7.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Northern Trust

Ticker(s): NTRS