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Ameriprise Financial Crosses Above its 10-day MA (AMP)

By David Diaz

Today, shares of Ameriprise Financial (NYSE:AMP) have advanced above their 10-day MA of $88.41 on a volume of 158K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Ameriprise Financial have traded between a low of $76.00 and a high of $130.69 and are now at $90.69, which is 19% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ameriprise Financial on June 16th, 2016 by issuing a Downtrend alert when the shares were trading at $95.48. Since that call, shares of Ameriprise Financial have fallen 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ameriprise financial

Ticker(s): AMP