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Novartis Bullish Moving Average Crossover Alert (NVS)

By David Diaz

Novartis (NYSE:NVS) shares have crossed bullishly above their 10-day moving average of $81.96 on a volume of 405K 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.

In the past 52 weeks, shares of Novartis have traded between a low of $69.89 and a high of $106.84 and are now at $82.40, which is 18% 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 tracking the current trend status for Novartis and will alert subscribers who have NVS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Novartis

Ticker(s): NVS