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NXP Semiconductors Bearish Moving Average Crossover Alert (NXPI)

By Shiri Gupta

NXP Semiconductors (NASDAQ:NXPI) crossed under its 10-day moving average of $83.62 on a volume of 478K 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.

In the past 52 weeks, shares of NXP Semiconductors have traded between a low of $61.61 and a high of $114.00 and are now at $83.42, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for NXP Semiconductors and will alert subscribers who have NXPI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses nxp semiconductors

Ticker(s): NXPI