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Bearish Moving Average Cross by Bank of Montreal (BMO)

By Amy Schwartz

Today, shares of Bank of Montreal (NYSE:BMO) have crossed bearishly below their 10-day moving average of $63.52 on a volume of 213K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Bank of Montreal share prices have been bracketed by a low of $47.54 and a high of $66.29 and are now at $63.41, 33% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 1.33% higher over the past week, respectively.

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

Keywords: moving crosses Bank of Montreal

Ticker(s): BMO