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Northwest Pipe Down 21.8% Since SmarTrend Downtrend Call (NWPX)

By Amy Schwartz

SmarTrend identified a Downtrend for Northwest Pipe (NASDAQ:NWPX) on March 16th, 2017 at $16.36. In approximately 1 month, Northwest Pipe has returned 21.82% as of today's recent price of $12.79.

In the past 52 weeks, shares of Northwest Pipe have traded between a low of $7.46 and a high of $25.09 and are now at $12.79, which is 71% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has advanced 0.4%.

Northwest Pipe Company manufactures and markets welded steel pipe. The Company makes large diameter, high pressure steel pipe products used for water transmission. Northwest Pipe also makes smaller diameter, electric resistance welded pipe for a wide range of construction, energy, agricultural, industrial, and mechanical applications.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Northwest Pipe.

Log in and add Northwest Pipe (NWPX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights northwest pipe

Ticker(s): NWPX