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Ameriprise Financial Bearish Moving Average Crossover Alert (AMP)

By David Diaz

Today, shares of Ameriprise Financial (NYSE:AMP) have crossed bearishly below their 10-day moving average of $122.65 on a volume of 243K 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.

Ameriprise Financial share prices have moved between a 52-week high of $135.20 and a 52-week low of $76.00 and are now trading 59% above that low price at $121.10 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.0%.

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

Keywords: moving crosses ameriprise financial

Ticker(s): AMP