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Barclays Bullish Moving Average Crossover Alert (BCS)

By Amy Schwartz

Today, shares of Barclays (NYSE:BCS) have advanced above their 10-day MA of $11.18 on a volume of 1.1 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Barclays share prices have been bracketed by a low of $6.76 and a high of $18.05 and are now at $11.31, 67% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Barclays on August 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.50. Since that recommendation, shares of Barclays have risen 30.2%. We continue to monitor BCS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses barclays

Ticker(s): BCS