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Nutrisystem Inc Bullish Moving Average Crossover Alert (NTRI)

By Shiri Gupta

Today, shares of Nutrisystem Inc (NASDAQ:NTRI) have crossed bullishly above their 10-day moving average of $28.77 on a volume of 150K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Nutrisystem Inc share prices have moved between a 52-week high of $67.95 and a 52-week low of $22.97 and are now trading 28% above that low price at $29.38 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Nutrisystem Inc on January 5th, 2018 by issuing a Downtrend alert when the shares were trading at $49.80. Since that call, shares of Nutrisystem Inc have fallen 42.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses nutrisystem inc

Ticker(s): NTRI