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Bank Ny Mellon Bullish Moving Average Crossover Alert (BK)

By Nick Russo

Today, shares of Bank Ny Mellon (NYSE:BK) have crossed bullishly above their 10-day moving average of $43.80 on a volume of 846K 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, shares of Bank Ny Mellon have traded between a low of $42.12 and a high of $57.87 and are now at $43.94, which is 4% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Bank Ny Mellon on May 9th, 2019 by issuing a Downtrend alert when the shares were trading at $47.53. Since that call, shares of Bank Ny Mellon have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses bank ny mellon

Ticker(s): BK