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Bank Ny Mellon Bearish Moving Average Crossover Alert (BK)

By Amy Schwartz

Bank Ny Mellon (NYSE:BK) crossed under its 10-day moving average of $51.56 on a volume of 3.4 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Bank Ny Mellon have traded between a low of $43.67 and a high of $58.22 and are now at $48.86, which is 12% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Bank Ny Mellon and will alert subscribers who have BK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses bank ny mellon

Ticker(s): BK