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

By Shiri Gupta

Today, shares of NXP Semiconductors (NASDAQ:NXPI) have fallen below their 10-day MA of $85.20 on a volume of 632K 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.

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 $83.77, 36% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.7%.

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 $75.07. Since that recommendation, shares of NXP Semiconductors have risen 14.0%. 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