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Nxstage Medical Bearish Moving Average Crossover Alert (NXTM)

By David Diaz

Today, shares of Nxstage Medical (NASDAQ:NXTM) have crossed bearishly below their 10-day moving average of $27.73 on a volume of 546K shares. Swing traders may find 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 Nxstage Medical have traded between a low of $22.70 and a high of $28.75 and are now at $27.50, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Nxstage Medical on June 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.01. Since that recommendation, shares of Nxstage Medical have risen 12.7%. We continue to monitor NXTM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nxstage medical

Ticker(s): NXTM