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Novartis Crosses Below its 10-day MA (NVS)

By David Diaz

Novartis (NYSE:NVS) shares have crossed bearishly below their 10-day moving average of $79.66 on a volume of 312K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Novartis share prices have moved between a 52-week high of $106.84 and a 52-week low of $69.89 and are now trading 14% above that low price at $79.44 per share. 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