The Hourly View for NVCR
At the moment, NVCR (Get Ratings)’s price is up $1.93 (1.09%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as NVCR has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
NVCR ranks 7th in terms of today’s price percentage change out of Medical Equipment stocks.
NVCR’s Technical Outlook on the Daily Chart
Currently, NVCR’s price is up $6.55 (3.78%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. NovoCure Ltd’s price action over the past 90 days can be seen via the chart below.
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The post NovoCure Ltd (NVCR): Price Up $6.55 (3.78)% Over Past Day, Up $1.93 (1.09)% Over Past Hour appeared first on ETF Daily News.
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