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Bank of the Ozarks Bearish Moving Average Crossover Alert (OZRK)

By Nick Russo

Bank of the Ozarks (NASDAQ:OZRK) crossed under its 10-day moving average of $46.89 on a volume of 2.2 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.

Over the past year, Bank of the Ozarks has traded in a range of $29.14 to $56.86 and is now at $45.77, 57% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Bank of the Ozarks on March 21st, 2017 by issuing a Downtrend alert when the shares were trading at $51.12. Since that call, shares of Bank of the Ozarks have fallen 8.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses bank of the ozarks

Ticker(s): OZRK