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Bearish Moving Average Cross by Ameriprise Financial (AMP)

By Amy Schwartz

Today, shares of Ameriprise Financial (NYSE:AMP) have crossed bearishly below their 10-day moving average of $128.17 on a volume of 309K 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.

In the past 52 weeks, Ameriprise Financial share prices have been bracketed by a low of $76.00 and a high of $135.20 and are now at $125.95, 66% above that low price. The 200-day and 50-day moving averages have moved 0.62% lower and 1.02% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Ameriprise Financial and will alert subscribers who have AMP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ameriprise financial

Ticker(s): AMP