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Bank Ny Mellon Bearish Moving Average Crossover Alert (BK)

By Nick Russo

Today, shares of Bank Ny Mellon (NYSE:BK) have crossed bearishly below their 10-day moving average of $53.72 on a volume of 3.6 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.

Bank Ny Mellon share prices have moved between a 52-week high of $58.99 and a 52-week low of $49.39 and are now trading 6% above that low price at $52.55 per share. Over the past week, 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