National Bank of Canada Surges Above 50-Day Moving Average

National Bank of Canada (OTCMKTS:NTIOF) has broken above its 50-day moving average, reaching $163.45 on Tuesday.

The company's stock price has a 50-day moving average of $156.14 and traded at $160.74 with a volume of 32,619 shares.

Several analysts have recently issued reports on NTIOF, including Royal Bank Of Canada and Scotiabank, which reiterated their ratings in recent weeks.

However, National Bank Financial cut the company's rating from 'neutral' to 'hold', while Zacks Research downgraded it from a 'strong-buy' to a 'hold'.