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Affiliated Managers Bearish Moving Average Crossover Alert (AMG)

By Amy Schwartz

Today, shares of Affiliated Managers (NYSE:AMG) have crossed bearishly below their 10-day moving average of $144.49 on a volume of 107K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Affiliated Managers has traded in a range of $115.97 to $229.12 and is now at $143.51, 24% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has slid 0.6%.

SmarTrend is tracking the current trend status for Affiliated Managers and will alert subscribers who have AMG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses affiliated managers

Ticker(s): AMG