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Ameriprise Finan Bearish Moving Average Crossover Alert (AMP)

By Shiri Gupta

Ameriprise Finan (NYSE:AMP) crossed under its 10-day moving average of $127.77 on a volume of 113K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Ameriprise Finan has traded in a range of $95.69 to $153.91 and is now at $126.17, 32% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ameriprise Finan on August 1st, 2019 by issuing a Downtrend alert when the shares were trading at $142.69. Since that call, shares of Ameriprise Finan have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ameriprise finan

Ticker(s): AMP