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NXP Semiconductors Crosses Above its 10-day MA (NXPI)

By Amy Schwartz

Today, shares of NXP Semiconductors (NASDAQ:NXPI) have advanced above their 10-day MA of $83.64 on a volume of 944K 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, NXP Semiconductors share prices have been bracketed by a low of $61.61 and a high of $114.00 and are now at $84.79, 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of NXP Semiconductors on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.08. Since that recommendation, shares of NXP Semiconductors have risen 10.4%. We continue to monitor NXPI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nxp semiconductors

Ticker(s): NXPI