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Novartis Crosses Below its 10-day MA (NVS)

By James Quinn

Today, shares of Novartis (NYSE:NVS) have fallen below their 10-day MA of $80.55 on a volume of 437K shares. This may provide short-term investors a chance 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 15% above that low price at $80.36 per share. Over the past week, 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