Bearish Moving Average Cross by NXP Semiconductors (NXPI)

Published on Thu, 01/22/2015 - 12:15
By FNN Staff in Moving average crossovers, nxpi, moving crosses, nasdaq:nxpi, nxp semiconductors

Today, shares of NXP Semiconductors (NASDAQ:NXPI) have crossed bearishly below their 10-day moving average of $78.81 on a volume of 1.9 million 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.

There is potential upside of 7.2% for shares of NXP Semiconductors based on a current price of $77.69 and an average consensus analyst price target of $83.32. NXP Semiconductors shares have support at the 50-day moving average (MA) of $75.96 and additional support at the 200-day MA of $67.10.

NXP Semiconductors NV operates as a global semiconductor company. The Company designs semiconductors and software for mobile communications, consumer electronics, security applications, in-car entertainment, and networking. NXP offers its products to the automotive, identification, wireless infrastructure, lighting, mobile, and computing applications.

In the past 52 weeks, NXP Semiconductors share prices have been bracketed by a low of $45.22 and a high of $82.76 and are now at $77.69, 72% above that low price. The 200-day and 50-day moving averages have moved 0.29% higher and 0.30% higher over the past week, respectively.

By FNN Staff
root@fnn-online.com

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