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Bullish Moving Average Cross by National Cinemed (NCMI)

By James Quinn

National Cinemed (NASDAQ:NCMI) shares have crossed bullishly above their 10-day moving average of $8.21 on a volume of 355K 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, National Cinemed share prices have been bracketed by a low of $5.88 and a high of $10.94 and are now at $8.40, 43% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 2.2%.

SmarTrend recommended that subscribers consider buying shares of National Cinemed on July 12th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.04. Since that recommendation, shares of National Cinemed have risen 15.1%. We continue to monitor NCMI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses national cinemed

Ticker(s): NCMI