NETGEAR: A Break of $50 Turns the Charts Bearish

NETGEAR (NTGR) has struggled on the charts since late September. Prices have crossed above and below the 50-day moving average line several times and the 200-day moving average line has also been touched. Longs should keep a closer watch if the $52 to $50 area is broken.

In this one-year daily chart of NTGR, below, we can see that it rallied strongly from early 2016, but since late September the price action has turned sideways. Prices are moving in a tighter and tighter range -- the highs are lower and the lows are getting higher. You could call this tighter price action an equilateral triangle if you wish....153 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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