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Now Inc Crosses Above its 10-day MA (DNOW)

By Amy Schwartz

Today, shares of Now Inc (NYSE:DNOW) have crossed bullishly above their 10-day moving average of $10.57 on a volume of 196K 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 Now Inc have traded between a low of $9.12 and a high of $23.53 and are now at $10.76, which is 18% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Now Inc on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $11.22. Since that call, shares of Now Inc have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses now inc

Ticker(s): DNOW