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Bank of New York Mellon Bullish Moving Average Crossover Alert (BK)

By Amy Schwartz

Bank of New York Mellon (NYSE:BK) shares have crossed bullishly above their 10-day moving average of $40.61 on a volume of 847K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Bank of New York Mellon has traded in a range of $32.20 to $1950.00 and is now at $40.74, 27% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

SmarTrend is monitoring the recent change of momentum in Bank of New York Mellon. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bank of New York Mellon in search of a potential trend change.

Keywords: moving crosses Bank of New York Mellon

Ticker(s): BK