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Bearish Moving Average Cross by Ameriprise Financial (AMP)

By Nick Russo

Ameriprise Financial (NYSE:AMP) crossed under its 10-day moving average of $100.33 on a volume of 243K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Ameriprise Financial share prices have been bracketed by a low of $76.00 and a high of $130.69 and are now at $99.22, 31% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.0%.

SmarTrend is monitoring the recent change of momentum in Ameriprise Financial. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ameriprise Financial in search of a potential trend change.

Keywords: moving crosses ameriprise financial

Ticker(s): AMP