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Bank of Nova Scotia Crosses Above its 10-day MA (BNS)

By Shiri Gupta

Today, shares of Bank of Nova Scotia (NYSE:BNS) have crossed bullishly above their 10-day moving average of $53.50 on a volume of 114K 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, Bank of Nova Scotia share prices have been bracketed by a low of $35.01 and a high of $55.65 and are now at $53.61, 53% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Bank of Nova Scotia and will alert subscribers who have BNS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses bank of nova scotia

Ticker(s): BNS