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Novartis Bullish Moving Average Crossover Alert (NVS)

By James Quinn

Novartis (NYSE:NVS) crossed over its 10-day moving average of $78.29 on a volume of 428K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Novartis share prices have been bracketed by a low of $69.89 and a high of $106.84 and are now at $78.90, 13% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.2%.

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

Keywords: moving crosses Novartis

Ticker(s): NVS