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

By Nick Russo

Today, shares of Bank of Nova Scotia (NYSE:BNS) have fallen below their 10-day MA of $53.57 on a volume of 180K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Bank of Nova Scotia share prices have moved between a 52-week high of $55.65 and a 52-week low of $35.01 and are now trading 53% above that low price at $53.47 per share. 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