Bank of Montreal Crosses Above its 10-day MA (BMO)
Bank of Montreal (NYSE:BMO) shares have crossed bullishly above their 10-day moving average of $64.42 on a volume of 130K 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.
Bank of Montreal share prices have moved between a 52-week high of $66.29 and a 52-week low of $47.54 and are now trading 36% above that low price at $64.58 per share. The 200-day and 50-day moving averages have moved 0.21% higher and 1.33% higher over the past week, respectively.
SmarTrend is tracking the current trend status for Bank of Montreal and will alert subscribers who have BMO in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Bank of Montreal