Stock Chart Analysis NTRS
Northern Trust Corporation(Public, NASDAQ:NTRS)
I mentioned NTRS in a recent article I wrote for Investopedia as a bearish looking chart, and it is very close to breaking down. Technically, NTRS already fell out of a trading range established between December and April. It has been trading in a very tight range since falling out of the channel and is currently below declining 20,50, and 200 day moving averages. A move under the small trading range noted on the chart could lead to a retest of the March lows, and if the markets or financials cooperate, the December lows may be tested as well. A move above this range would establish this area as minor support and possibly set a higher low, so it makes a logical area for setting a stop.
Good Trading,
Joey
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