Barclays Bearish Moving Average Crossover Alert (BCS)
Barclays (NYSE:BCS) crossed under its 10-day moving average of $9.97 on a volume of 1.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Barclays has traded in a range of $8.20 to $18.05 and is now at $9.63, 18% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.5%.
SmarTrend recommended that subscribers consider buying shares of Barclays on April 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.42. Since that recommendation, shares of Barclays have risen 7.0%. We continue to monitor BCS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses barclays